General American Investors Company, Inc. (NYSE:GAM – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 20,830 shares were traded during trading, a decline of 7% from the previous session’s volume of 22,344 shares.The stock last traded at $40.34 and had previously closed at $39.81.
General American Investors Stock Performance
The business has a fifty day simple moving average of $41.24 and a two-hundred day simple moving average of $41.05.
General American Investors Dividend Announcement
The firm also recently announced a — dividend, which will be paid on Thursday, December 28th. Stockholders of record on Monday, November 13th will be issued a $2.10 dividend. This represents a dividend yield of 1.3%. The ex-dividend date is Friday, November 10th.
Insider Transactions at General American Investors
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its stake in shares of General American Investors by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 1,314,303 shares of the investment management company’s stock valued at $55,818,000 after purchasing an additional 18,292 shares during the period. UBS Group AG raised its position in shares of General American Investors by 88.4% in the 1st quarter. UBS Group AG now owns 18,949 shares of the investment management company’s stock valued at $805,000 after acquiring an additional 8,892 shares during the period. Guggenheim Capital LLC raised its position in shares of General American Investors by 6.6% in the 1st quarter. Guggenheim Capital LLC now owns 13,901 shares of the investment management company’s stock valued at $590,000 after acquiring an additional 862 shares during the period. Bank of America Corp DE raised its position in shares of General American Investors by 6.9% in the 1st quarter. Bank of America Corp DE now owns 181,198 shares of the investment management company’s stock valued at $7,695,000 after acquiring an additional 11,630 shares during the period. Finally, Captrust Financial Advisors bought a new position in General American Investors during the second quarter worth about $295,000. 23.71% of the stock is currently owned by institutional investors and hedge funds.
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.
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