Shares of General American Investors Company, Inc. (NYSE:GAM - Get Free Report) saw unusually-high trading volume on Friday . Approximately 32,930 shares traded hands during mid-day trading, an increase of 18% from the previous session's volume of 27,993 shares.The stock last traded at $49.84 and had previously closed at $49.93.
General American Investors Stock Performance
The stock has a 50-day moving average of $53.23 and a 200-day moving average of $51.22.
General American Investors Announces Dividend
The business also recently announced an annual dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.45 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Monday, November 18th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of GAM. Cetera Advisors LLC bought a new position in General American Investors in the 1st quarter valued at about $343,000. Integrated Capital Management Inc. acquired a new position in General American Investors during the second quarter valued at approximately $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 worth $3,396,000 after purchasing an additional 12,663 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in shares of 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 valued at $5,396,000 after purchasing an additional 32,065 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of General American Investors by 3.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company's stock valued at $33,575,000 after purchasing an additional 24,196 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.
About General American Investors
(
Get 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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