Advisors Asset Management Inc. Takes $1.49 Million Position in General American Investors Company, Inc. (NYSE:GAM)

Advisors Asset Management Inc. bought a new position in shares of General American Investors Company, Inc. (NYSE:GAM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 27,789 shares of the investment management company’s stock, valued at approximately $1,490,000. Advisors Asset Management Inc. owned approximately 0.12% of General American Investors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GAM. Blue Bell Private Wealth Management LLC boosted 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 valued at $33,575,000 after purchasing an additional 24,196 shares during the period. Cornerstone Advisors LLC increased its position in shares of General American Investors by 24.8% during the second quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock worth $21,974,000 after acquiring an additional 87,843 shares during the period. Pathstone Holdings LLC raised its stake in shares of General American Investors by 31.9% in the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after acquiring an additional 79,975 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in General American Investors by 41.9% in the second quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock valued at $5,396,000 after purchasing an additional 32,065 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in 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 in the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Stock Up 1.0 %

GAM stock opened at $50.69 on Tuesday. The business’s 50-day moving average is $53.19 and its two-hundred day moving average is $51.27. General American Investors Company, Inc. has a 1 year low of $41.11 and a 1 year high of $55.44.

General American Investors Announces Dividend

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

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.