Key Points
- VP Eugene Stark bought 4,000 shares on January 13 at an average price of $24.98 (total $99,920), raising his holding to 24,000 shares — a 20% increase valued at about $599,520.
- Annual dividend of $6.40 was paid December 26 (ex-dividend November 17), up from $0.45 previously; the article reports this change as a yield of 1,125%.
- Share price context: the stock opened at $60.34, with a 52-week low/high of $41.80/$64.40 and 50-day and 200-day moving averages near $59.34 and $59.81.
General American Investors, Inc. (NYSE:GAM - Get Free Report) VP Eugene Stark acquired 4,000 shares of General American Investors stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average cost of $24.98 per share, with a total value of $99,920.00. Following the completion of the acquisition, the vice president owned 24,000 shares of the company's stock, valued at $599,520. The trade was a 20.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
General American Investors Price Performance
General American Investors stock opened at $60.34 on Thursday. General American Investors, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $64.40. The stock's fifty day moving average is $59.34 and its two-hundred day moving average is $59.81.
General American Investors Increases Dividend
The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, November 17th were given a dividend of $6.40 per share. The ex-dividend date was Monday, November 17th. This is an increase from General American Investors's previous annual dividend of $0.45. This represents a yield of 1,125.0%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of General American Investors by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company's stock worth $24,748,000 after acquiring an additional 30,217 shares during the last quarter. Advisors Asset Management Inc. raised its stake in General American Investors by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 80,706 shares of the investment management company's stock valued at $4,523,000 after purchasing an additional 2,676 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in General American Investors by 11.0% in the 2nd quarter. Park Avenue Securities LLC now owns 31,823 shares of the investment management company's stock valued at $1,783,000 after purchasing an additional 3,141 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of General American Investors during the 2nd quarter worth about $203,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of General American Investors by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 34,381 shares of the investment management company's stock worth $1,927,000 after buying an additional 2,810 shares in the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.
General American Investors Company Profile
(
Get Free Report)
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.
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