General American Investors (NYSE:GAM) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

General American Investors, Inc. (NYSE:GAM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.48 and traded as low as $58.56. General American Investors shares last traded at $58.79, with a volume of 53,749 shares.

General American Investors Stock Up 0.1%

The stock has a 50 day moving average of $59.85 and a two-hundred day moving average of $59.52.

General American Investors Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, November 17th were issued a $6.40 dividend. This is a boost from General American Investors’s previous annual dividend of $0.45. The ex-dividend date was Monday, November 17th. This represents a yield of 1,125.0%.

Institutional Investors Weigh In On General American Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Laird Norton Wetherby Wealth Management LLC acquired a new position in General American Investors during the third quarter valued at approximately $211,000. CIBC Bancorp USA Inc. bought a new stake in shares of General American Investors in the 3rd quarter valued at $214,000. Sequoia Financial Advisors LLC bought a new stake in shares of General American Investors in the 3rd quarter valued at $222,000. Grimes & Company Inc. acquired a new stake in General American Investors during the 2nd quarter worth $202,000. Finally, Bank of Montreal Can bought a new position in General American Investors during the second quarter worth about $203,000. 36.85% of the stock is owned by institutional investors and hedge funds.

About General American Investors

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.