General American Investors Co. Inc. (GAM) VP Eugene S. Stark Purchases 600 Shares

General American Investors Co. Inc. (NYSE:GAM) VP Eugene S. Stark acquired 600 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average price of $26.35 per share, for a total transaction of $15,810.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of General American Investors Co. Inc. (NYSE:GAM) traded down $0.11 on Tuesday, hitting $34.19. The stock had a trading volume of 80,878 shares, compared to its average volume of 44,287. General American Investors Co. Inc. has a one year low of $31.01 and a one year high of $36.59.

The firm also recently announced an annual dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, November 13th will be issued a $0.48 dividend. This is an increase from General American Investors’s previous annual dividend of $0.05. The ex-dividend date is Friday, November 10th. This represents a dividend yield of 1.33%.

Several institutional investors and hedge funds have recently modified their holdings of GAM. Steward Partners Investment Advisory LLC acquired a new position in shares of General American Investors in the 3rd quarter valued at about $117,000. Janney Montgomery Scott LLC acquired a new position in shares of General American Investors in the 2nd quarter valued at about $200,000. Raymond James Trust N.A. acquired a new position in shares of General American Investors in the 2nd quarter valued at about $204,000. Citigroup Inc. increased its holdings 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 purchasing an additional 13,134 shares during the period. Finally, Commonwealth Equity Services Inc increased its holdings 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 purchasing an additional 4,159 shares during the period. Institutional investors own 26.56% of the company’s stock.

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