General American Investors (NYSE:GAM) Shares Gap Down - What's Next?

General American Investors Company, Inc. (NYSE:GAM - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $54.08, but opened at $49.62. General American Investors shares last traded at $49.52, with a volume of 9,613 shares.

General American Investors Stock Down 0.0 %

The firm's fifty day simple moving average is $53.42 and its 200 day simple moving average is $51.17.

General American Investors Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be given a $0.45 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 18th.

Institutional Investors Weigh In On General American Investors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC grew its stake in shares of General American Investors by 7.7% during the third quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company's stock worth $1,157,000 after buying an additional 1,537 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in General American Investors in the 3rd quarter worth about $1,769,000. Advisors Asset Management Inc. bought a new position in General American Investors in the third quarter valued at about $1,490,000. Pathstone Holdings LLC boosted its stake in shares of General American Investors by 31.9% during the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company's stock valued at $17,731,000 after purchasing an additional 79,975 shares in the last quarter. Finally, Schrum Private Wealth Management LLC increased its stake in shares of General American Investors by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company's stock valued at $543,000 after buying an additional 5,062 shares during the period. 36.85% of the stock is owned by institutional investors.

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.