Anang K. Majmudar Acquires 427 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) insider Anang K. Majmudar bought 427 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was purchased at an average price of $24.92 per share, for a total transaction of $10,640.84. Following the completion of the purchase, the insider now directly owns 5,400 shares in the company, valued at $134,568. The trade was a 8.59 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

General American Investors Stock Performance

GAM stock opened at $50.64 on Friday. The company has a 50-day moving average of $52.11 and a two-hundred day moving average of $51.86. General American Investors Company, Inc. has a 52-week low of $41.88 and a 52-week high of $55.44.

General American Investors Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC grew its stake in shares of General American Investors by 3.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company’s stock worth $33,575,000 after acquiring an additional 24,196 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in General American Investors by 24.8% in the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock valued at $21,974,000 after purchasing an additional 87,843 shares during the period. Pathstone Holdings LLC boosted its holdings in General American Investors by 31.9% in the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after purchasing an additional 79,975 shares during the period. Shaker Financial Services LLC grew its position in General American Investors by 41.9% in the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock worth $5,396,000 after purchasing an additional 32,065 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of General American Investors by 22.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company’s stock worth $3,396,000 after purchasing an additional 12,663 shares during the period. 36.85% of the stock is owned by institutional investors.

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.