Somewhat Favorable Media Coverage Somewhat Unlikely to Affect General American Investors (GAM) Stock Price

Press coverage about General American Investors (NYSE:GAM) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. General American Investors earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 46.8581843660505 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of General American Investors (GAM) opened at $35.31 on Friday. General American Investors has a 1-year low of $31.79 and a 1-year high of $36.59.

The company also recently disclosed an annual dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, November 13th were issued a dividend of $0.48 per share. This represents a dividend yield of 1.33%. The ex-dividend date was Friday, November 10th. This is a boost from General American Investors’s previous annual dividend of $0.05.

In other General American Investors news, CEO Jeffrey W. Priest purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was bought at an average cost of $33.49 per share, for a total transaction of $167,450.00. Following the completion of the transaction, the chief executive officer now owns 73,939 shares in the company, valued at $2,476,217.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Spencer Davidson purchased 800 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average price of $33.87 per share, with a total value of $27,096.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 15,008 shares of company stock valued at $499,484. Corporate insiders own 6.68% of the company’s stock.

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General American Investors Company Profile

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