Cornerstone Advisors LLC cut its position in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 329,485 shares of the investment management company's stock after selling 112,466 shares during the quarter. Cornerstone Advisors LLC owned 1.37% of General American Investors worth $17,664,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of GAM. Cetera Advisors LLC bought a new stake in shares of General American Investors during the 1st quarter worth $343,000. Integrated Capital Management Inc. acquired a new stake in General American Investors during the 2nd quarter worth about $206,000. Wolverine Asset Management LLC lifted its stake in 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 valued at $3,396,000 after buying an additional 12,663 shares in the last quarter. Shaker Financial Services LLC boosted its stake in General American Investors by 41.9% in the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company's stock worth $5,396,000 after purchasing an additional 32,065 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of General American Investors by 3.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company's stock worth $33,575,000 after buying an additional 24,196 shares during the period. Institutional investors and hedge funds own 36.85% of the company's stock.
General American Investors Stock Performance
GAM stock opened at $49.57 on Thursday. The firm has a 50 day simple moving average of $53.33 and a 200 day simple moving average of $51.18. General American Investors Company, Inc. has a 52 week low of $40.89 and a 52 week high of $55.44.
General American Investors Announces Dividend
The company 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 dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a dividend yield of 0.8%.
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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