General American Investors (NYSE:GAM) Sees Strong Trading Volume – Still a Buy?

Shares of General American Investors Company, Inc. (NYSE:GAM) saw an uptick in trading volume on Tuesday . 30,508 shares changed hands during trading, an increase of 64% from the previous session’s volume of 18,601 shares.The stock last traded at $52.42 and had previously closed at $52.25.

General American Investors Price Performance

The stock’s fifty day moving average is $51.68 and its two-hundred day moving average is $52.14.

General American Investors Announces Dividend

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

Insider Transactions at General American Investors

In related news, CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $25.00 per share, with a total value of $150,000.00. Following the purchase, the chief executive officer now owns 15,392 shares in the company, valued at approximately $384,800. This represents a 63.88 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders acquired 7,250 shares of company stock worth $192,031. Company insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 378 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new stake in shares of General American Investors in the fourth quarter valued at $52,000. Farther Finance Advisors LLC bought a new position in General American Investors during the third quarter valued at about $59,000. Eastern Bank acquired a new position in General American Investors during the third quarter worth about $92,000. Finally, Tyler Stone Wealth Management raised its position in General American Investors by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after acquiring an additional 2,247 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors.

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.