HighTower Advisors LLC Buys 1,537 Shares of General American Investors Company, Inc. (NYSE:GAM)

HighTower Advisors LLC increased its stake in General American Investors Company, Inc. (NYSE:GAM) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,547 shares of the investment management company’s stock after acquiring an additional 1,537 shares during the period. HighTower Advisors LLC’s holdings in General American Investors were worth $1,157,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capstone Investment Advisors LLC acquired a new stake in General American Investors during the 3rd quarter worth $1,769,000. Advisors Asset Management Inc. acquired a new stake in General American Investors during the 3rd quarter worth $1,490,000. Pathstone Holdings LLC grew its holdings in General American Investors by 31.9% during 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 period. Schrum Private Wealth Management LLC grew its holdings in General American Investors by 100.0% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company’s stock worth $543,000 after acquiring an additional 5,062 shares during the period. Finally, Tyler Stone Wealth Management grew its holdings in General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after acquiring an additional 2,247 shares during the period. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Stock Up 0.9 %

GAM opened at $52.58 on Tuesday. The company has a fifty day moving average price of $52.69 and a two-hundred day moving average price of $51.66. General American Investors Company, Inc. has a 52 week low of $41.88 and a 52 week high of $55.44.

General American Investors Announces Dividend

The firm also recently announced 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.

General American Investors Profile

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.