General American Investors Company, Inc. (NYSE:GAM) Insider Acquires $10,640.84 in Stock

General American Investors Company, Inc. (NYSE:GAM) insider Anang K. Majmudar acquired 427 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were bought at an average cost of $24.92 per share, for a total transaction of $10,640.84. Following the completion of the transaction, the insider now directly owns 5,400 shares of the company’s stock, valued at $134,568. This represents a 8.59 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

General American Investors Stock Performance

General American Investors stock opened at $50.64 on Friday. General American Investors Company, Inc. has a 12 month low of $41.88 and a 12 month high of $55.44. The company’s fifty day simple moving average is $52.11 and its 200-day simple moving average is $51.86.

General American Investors Dividend Announcement

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

Institutional Investors Weigh In On General American Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Holdings LLC raised its holdings in shares of General American Investors by 31.9% during the 3rd 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. Advisors Asset Management Inc. bought a new position in General American Investors during the third quarter valued at about $1,490,000. Wolverine Asset Management LLC raised its holdings 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 valued at $3,396,000 after buying an additional 12,663 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of General American Investors in the third quarter worth about $1,769,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of General American Investors during the 3rd quarter worth about $59,000. 36.85% of the stock is owned by hedge funds and other 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.