Capstone Investment Advisors LLC bought a new stake in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,000 shares of the investment management company's stock, valued at approximately $1,769,000. Capstone Investment Advisors LLC owned 0.14% of General American Investors as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in GAM. Cornerstone Advisors LLC lifted its position in General American Investors by 24.8% during the second quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company's stock valued at $21,974,000 after purchasing an additional 87,843 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of 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 buying an additional 79,975 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of General American Investors in the 2nd quarter worth $1,818,000. Shaker Financial Services LLC grew its holdings in shares of General American Investors by 41.9% in the second quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company's stock worth $5,396,000 after acquiring an additional 32,065 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in General American Investors during the third quarter valued at $1,490,000. Hedge funds and other institutional investors own 36.85% of the company's stock.
General American Investors Trading Up 0.5 %
NYSE:GAM traded up $0.28 on Friday, hitting $51.41. The stock had a trading volume of 9,326 shares, compared to its average volume of 28,277. The business's 50-day simple moving average is $53.06 and its two-hundred day simple moving average is $51.29. General American Investors Company, Inc. has a 52-week low of $41.11 and a 52-week high of $55.44.
General American Investors Announces Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, December 27th. Investors of record on Monday, November 18th will be issued a $0.45 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Monday, November 18th.
General American Investors Profile
(
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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