General American Investors Co. Inc. (NYSE:GAM) VP Eugene S. Stark purchased 500 shares of the stock in a transaction on Thursday, December 21st. The shares were purchased at an average price of $26.31 per share, with a total value of $13,155.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
General American Investors Co. Inc. (NYSE:GAM) traded up $0.10 during trading on Friday, reaching $34.30. 42,865 shares of the company’s stock traded hands, compared to its average volume of 44,139. General American Investors Co. Inc. has a 52-week low of $31.01 and a 52-week high of $36.59.
The business also recently disclosed an annual dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, November 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a dividend yield of 1.33%. This is a positive change from General American Investors’s previous annual dividend of $0.05.
Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of General American Investors in the 3rd quarter valued at $117,000. Janney Montgomery Scott LLC bought a new stake in shares of General American Investors in the 2nd quarter valued at $200,000. Raymond James Trust N.A. bought a new stake in shares of General American Investors in the 2nd quarter valued at $204,000. Citigroup Inc. increased its stake in shares of General American Investors by 2,379.3% in the 2nd quarter. Citigroup Inc. now owns 13,686 shares of the investment management company’s stock valued at $470,000 after acquiring an additional 13,134 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of General American Investors by 24.7% in the 3rd quarter. Commonwealth Equity Services Inc now owns 21,031 shares of the investment management company’s stock valued at $757,000 after acquiring an additional 4,159 shares in the last quarter. Institutional investors own 26.56% of the company’s stock.
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