Wolverine Asset Management LLC lowered its stake in General American Investors Company, Inc. (NYSE:GAM - Free Report) by 26.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,175 shares of the investment management company's stock after selling 18,130 shares during the period. Wolverine Asset Management LLC owned approximately 0.21% of General American Investors worth $2,690,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Advisors LLC boosted its stake in shares of General American Investors by 24.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company's stock valued at $21,974,000 after purchasing an additional 87,843 shares in the last quarter. Cetera Advisors LLC acquired a new stake in General American Investors during the 1st quarter worth $343,000. Shaker Financial Services LLC boosted its stake in 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 worth $5,396,000 after purchasing an additional 32,065 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in 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 buying an additional 24,196 shares during the last quarter. Finally, Logan Stone Capital LLC raised its position in shares of General American Investors by 69.3% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.
General American Investors Stock Down 0.9 %
Shares of General American Investors stock traded down $0.49 during trading on Tuesday, reaching $54.66. 32,411 shares of the company were exchanged, compared to its average volume of 27,171. General American Investors Company, Inc. has a twelve month low of $39.50 and a twelve month high of $55.44. The business has a 50-day moving average price of $53.25 and a 200-day moving average price of $50.90.
General American Investors Announces Dividend
The business 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%.
About General American Investors
(
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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