General American Investors (NYSE:GAM) VP Acquires $21,950.00 in Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 12th. The stock was purchased at an average cost of $21.95 per share, with a total value of $21,950.00. Following the purchase, the vice president directly owned 5,000 shares in the company, valued at approximately $109,750. This trade represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

General American Investors Trading Down 0.5%

NYSE GAM traded down $0.32 on Friday, hitting $65.24. 62,690 shares of the stock were exchanged, compared to its average volume of 28,237. General American Investors, Inc. has a 52-week low of $56.24 and a 52-week high of $68.57. The company’s 50-day moving average price is $64.59 and its two-hundred day moving average price is $63.61.

General American Investors Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Monday, November 16th will be given a $7.43 dividend. This represents a dividend yield of 1,149.0%. This is a boost from General American Investors’s previous annual dividend of $6.40. The ex-dividend date of this dividend is Monday, November 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new position in General American Investors during the third quarter valued at approximately $26,968,000. Lazard Asset Management LLC increased its stake in General American Investors by 13.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock valued at $92,422,000 after buying an additional 183,051 shares during the period. Evolve Private Wealth LLC purchased a new stake in General American Investors in the 2nd quarter worth approximately $2,435,000. Allspring Global Investments Holdings LLC lifted its position in General American Investors by 9.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock worth $25,197,000 after buying an additional 37,312 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of General American Investors during the 2nd quarter valued at $2,285,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

General American Investors Company, Inc. is a closed-end investment company that invests in a diversified portfolio of securities. Its investment objective is to seek long-term capital appreciation while also considering income. Founded in 1927, the company invests primarily in stocks of U.S. companies. Its shares trade on the New York Stock Exchange, giving investors access to its portfolio through a publicly traded investment vehicle.