General American Investors (NYSE:GAM) Sees Large Volume Increase - Should You Buy?

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) saw strong trading volume on Tuesday . 30,508 shares traded hands during trading, an increase of 64% from the previous session's volume of 18,601 shares.The stock last traded at $52.42 and had previously closed at $52.25.

General American Investors Stock Performance

The company has a fifty day moving average price of $51.72 and a 200-day moving average price of $52.14.

General American Investors Dividend Announcement

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

Insider Activity

In related news, CEO Jeffrey W. Priest acquired 6,000 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $25.00 per share, with a total value of $150,000.00. Following the acquisition, the chief executive officer now owns 15,392 shares in the company, valued at approximately $384,800. The trade was a 63.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 7,250 shares of company stock worth $192,031. 8.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On General American Investors

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC lifted its stake in shares of General American Investors by 4.1% in the fourth quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company's stock worth $2,163,000 after buying an additional 1,632 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in General American Investors by 37.2% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,134 shares of the investment management company's stock worth $670,000 after acquiring an additional 3,558 shares during the period. Savant Capital LLC lifted its position in General American Investors by 8.1% during the 4th quarter. Savant Capital LLC now owns 9,221 shares of the investment management company's stock worth $470,000 after acquiring an additional 689 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in General American Investors by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock valued at $257,000 after acquiring an additional 372 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in General American Investors by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company's stock valued at $527,000 after acquiring an additional 414 shares during the period. Institutional investors own 36.85% of the company's stock.

About General American Investors

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.