Advisors Asset Management Inc. bought a new position in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,789 shares of the investment management company's stock, valued at approximately $1,490,000. Advisors Asset Management Inc. owned 0.12% of General American Investors at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its stake in General American Investors by 31.9% during the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company's stock valued at $17,731,000 after purchasing an additional 79,975 shares during the period. Wolverine Asset Management LLC boosted its position in shares of General American Investors by 22.8% during the second quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company's stock worth $3,396,000 after purchasing an additional 12,663 shares in the last quarter. Cornerstone Advisors LLC lifted its position in shares of General American Investors by 24.8% in the second quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company's stock worth $21,974,000 after purchasing an additional 87,843 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of General American Investors in the first quarter valued at about $343,000. Finally, Farther Finance Advisors LLC bought a new stake in General American Investors during the third quarter worth about $59,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.
General American Investors Price Performance
GAM traded up $0.26 during trading on Tuesday, hitting $50.85. The company's stock had a trading volume of 32,257 shares, compared to its average volume of 28,326. General American Investors Company, Inc. has a twelve month low of $41.11 and a twelve month high of $55.44. The stock's fifty day moving average price is $53.19 and its 200-day moving average price is $51.27.
General American Investors Announces Dividend
The firm also recently declared an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be given a dividend of $0.45 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 18th.
About General American Investors
(
Free Report)
General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.
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