Pathstone Holdings LLC grew its position in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 31.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 330,584 shares of the investment management company's stock after purchasing an additional 79,975 shares during the quarter. Pathstone Holdings LLC owned 1.38% of General American Investors worth $17,731,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Cornerstone Advisors LLC increased its stake in 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 valued at $21,974,000 after acquiring an additional 87,843 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of General American Investors during the 2nd quarter valued at $1,818,000. Shaker Financial Services LLC boosted its stake in shares of General American Investors by 41.9% during the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company's stock valued at $5,396,000 after purchasing an additional 32,065 shares in the last quarter. Logan Stone Capital LLC raised its holdings in shares of General American Investors by 69.3% during the second quarter. Logan Stone Capital LLC now owns 64,946 shares of the investment management company's stock valued at $3,229,000 after purchasing an additional 26,595 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of General American Investors by 3.7% during 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 acquiring an additional 24,196 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.
General American Investors Stock Down 0.3 %
General American Investors stock traded down $0.14 during midday trading on Wednesday, hitting $49.57. 30,073 shares of the company's stock were exchanged, compared to its average volume of 27,966. General American Investors Company, Inc. has a 12 month low of $40.89 and a 12 month high of $55.44. The firm has a 50-day moving average of $53.33 and a two-hundred day moving average of $51.18.
General American Investors Dividend Announcement
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 paid a dividend of $0.45 per share. The ex-dividend date is Monday, November 18th. This represents a 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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