General American Investors Company, Inc. (NYSE:GAM) Insider Anang K. Majmudar Acquires 427 Shares

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) insider Anang K. Majmudar acquired 427 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of $24.92 per share, with a total value of $10,640.84. Following the completion of the acquisition, the insider now owns 5,400 shares of the company's stock, valued at approximately $134,568. This trade represents a 8.59 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

General American Investors Stock Performance

General American Investors stock traded down $0.25 during mid-day trading on Tuesday, hitting $51.01. 22,581 shares of the company's stock were exchanged, compared to its average volume of 28,319. General American Investors Company, Inc. has a fifty-two week low of $41.88 and a fifty-two week high of $55.44. The company's 50 day simple moving average is $52.27 and its 200-day simple moving average is $51.86.

General American Investors Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, November 18th were issued a $0.45 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GAM. Northwestern Mutual Wealth Management Co. increased its holdings in General American Investors by 122.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company's stock valued at $34,000 after purchasing an additional 378 shares during the period. Farther Finance Advisors LLC acquired a new stake in General American Investors during the 3rd quarter valued at approximately $59,000. Eastern Bank bought a new position in General American Investors during the 3rd quarter worth approximately $92,000. Tyler Stone Wealth Management lifted its position in shares of General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company's stock worth $241,000 after purchasing an additional 2,247 shares during the period. Finally, Pinnacle Associates Ltd. bought a new stake in shares of General American Investors in the 3rd quarter valued at $422,000. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Company Profile

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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