Prospera Financial Services Inc Buys Shares of 3,618 General American Investors, Inc. $GAM

Prospera Financial Services Inc purchased a new position in shares of General American Investors, Inc. (NYSE:GAM) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,618 shares of the investment management company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently modified their holdings of the stock. CWM LLC increased its stake in General American Investors by 119.8% in the 1st quarter. CWM LLC now owns 1,321 shares of the investment management company’s stock valued at $67,000 after buying an additional 720 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in shares of General American Investors by 1.2% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 726,586 shares of the investment management company’s stock worth $36,598,000 after acquiring an additional 8,453 shares during the period. Shaker Financial Services LLC purchased a new stake in shares of General American Investors in the first quarter valued at about $7,990,000. Levin Capital Strategies L.P. increased its stake in shares of General American Investors by 2.4% during the first quarter. Levin Capital Strategies L.P. now owns 107,324 shares of the investment management company’s stock worth $5,406,000 after acquiring an additional 2,467 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in General American Investors during the first quarter worth about $338,000. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $63.65 on Monday. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40. The company has a 50-day moving average price of $62.57 and a 200 day moving average price of $58.35.

General American Investors Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 26th. Investors of record on Monday, November 17th will be paid a $6.40 dividend. This represents a dividend yield of 1,006.0%. This is a boost from General American Investors’s previous annual dividend of $0.45. The ex-dividend date is Monday, November 17th.

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.