Schrum Private Wealth Management LLC Increases Stake in General American Investors Company, Inc. (NYSE:GAM)

Schrum Private Wealth Management LLC grew its stake in General American Investors Company, Inc. (NYSE:GAM) by 100.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,124 shares of the investment management company’s stock after purchasing an additional 5,062 shares during the period. Schrum Private Wealth Management LLC’s holdings in General American Investors were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GAM. Northwestern Mutual Wealth Management Co. boosted its holdings in General American Investors by 122.7% during the second 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 in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of General American Investors in the third quarter worth about $59,000. Eastern Bank purchased a new stake in shares of General American Investors during the 3rd quarter worth about $92,000. Integrated Capital Management Inc. acquired a new stake in shares of General American Investors during the 2nd quarter valued at about $206,000. Finally, Tyler Stone Wealth Management increased its stake in shares of General American Investors by 100.0% in 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 in the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Stock Performance

NYSE GAM traded down $0.28 during trading hours on Wednesday, reaching $54.38. The company’s stock had a trading volume of 12,444 shares, compared to its average volume of 27,104. General American Investors Company, Inc. has a 1-year low of $40.03 and a 1-year high of $55.44. The company’s 50-day moving average is $53.30 and its two-hundred day moving average is $50.96.

General American Investors Dividend Announcement

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

General American Investors Company Profile

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.