General American Investors (NYSE:GAM) VP Buys $99,920.00 in Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 4,000 shares of General American Investors stock in a transaction on Tuesday, January 13th. The shares were purchased at an average cost of $24.98 per share, with a total value of $99,920.00. Following the completion of the acquisition, the vice president owned 24,000 shares of the company’s stock, valued at $599,520. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

General American Investors Stock Performance

Shares of GAM traded down $0.20 during mid-day trading on Wednesday, hitting $60.28. The stock had a trading volume of 4,538 shares, compared to its average volume of 44,096. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40. The business has a fifty day moving average price of $59.39 and a 200-day moving average price of $59.81.

General American Investors Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, November 17th were given a $6.40 dividend. This represents a dividend yield of 1,125.0%. This is an increase from General American Investors’s previous annual dividend of $0.45. The ex-dividend date of this dividend was Monday, November 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Grimes & Company Inc. purchased a new stake in shares of General American Investors during the second quarter worth $202,000. Prospera Financial Services Inc bought a new stake in shares of General American Investors during the 2nd quarter valued at $203,000. Bank of Montreal Can purchased a new stake in General American Investors during the 2nd quarter worth about $203,000. Osaic Holdings Inc. boosted its stake in General American Investors by 41.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after purchasing an additional 1,103 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in General American Investors in the 3rd quarter worth about $211,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Company Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.