General American Investors Company, Inc. (NYSE:GAM) Insider Anang K. Majmudar Buys 427 Shares

General American Investors Company, Inc. (NYSE:GAM) insider Anang K. Majmudar bought 427 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of $24.92 per share, with a total value of $10,640.84. Following the completion of the transaction, the insider now owns 5,400 shares of the company’s stock, valued at $134,568. The trade was a 8.59 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

General American Investors Stock Performance

General American Investors stock opened at $51.01 on Wednesday. General American Investors Company, Inc. has a fifty-two week low of $41.88 and a fifty-two week high of $55.44. The firm’s fifty day moving average price is $52.21 and its 200-day moving average price is $51.87.

General American Investors Announces Dividend

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

Hedge Funds Weigh In On General American Investors

Several institutional investors have recently modified their holdings of GAM. Cornerstone Advisors LLC lifted its position 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 worth $21,974,000 after buying an additional 87,843 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of 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 worth $17,731,000 after acquiring an additional 79,975 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of General American Investors in the 2nd quarter valued at $1,818,000. Capstone Investment Advisors LLC bought a new position in shares of General American Investors during the 3rd quarter valued at $1,769,000. Finally, Shaker Financial Services LLC raised 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 period. 36.85% of the stock is currently 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.