General American Investors Company, Inc. (NYSE:GAM - Get Free Report) CEO Jeffrey W. Priest acquired 6,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was bought at an average cost 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 $384,800. The trade was a 63.88 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
General American Investors Trading Up 0.2 %
GAM traded up $0.11 during trading on Tuesday, reaching $52.51. 22,223 shares of the company's stock were exchanged, compared to its average volume of 28,298. The firm has a fifty day moving average price of $52.68 and a two-hundred day moving average price of $51.69. General American Investors Company, Inc. has a one year low of $41.88 and a one year high of $55.44.
General American Investors Dividend Announcement
The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a dividend yield of 0.8%.
Institutional Investors Weigh In On General American Investors
Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of General American Investors by 122.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company's stock worth $34,000 after buying an additional 378 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in General American Investors in the third quarter worth $59,000. Eastern Bank bought a new position in General American Investors in the 3rd quarter valued at $92,000. Tyler Stone Wealth Management increased its position in shares of General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company's stock valued at $241,000 after purchasing an additional 2,247 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in shares of General American Investors during the 3rd quarter worth $422,000. Institutional investors and hedge funds own 36.85% of the company's stock.
General American Investors Company Profile
(
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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