General American Investors (NYSE:GAM) Sees Unusually-High Trading Volume – Here’s Why

General American Investors, Inc. (NYSE:GAM) saw strong trading volume on Tuesday . 28,756 shares were traded during trading, an increase of 44% from the previous session’s volume of 20,020 shares.The stock last traded at $58.62 and had previously closed at $58.59.

General American Investors Stock Up 0.1%

The stock’s 50 day moving average is $61.47 and its two-hundred day moving average is $58.97.

General American Investors Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, November 17th will be paid a dividend of $6.40 per share. This is a boost from General American Investors’s previous annual dividend of $0.45. This represents a dividend yield of 1,125.0%. The ex-dividend date is Monday, November 17th.

Institutional Investors Weigh In On General American Investors

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its stake in shares of General American Investors by 2.2% in the second quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock worth $1,441,000 after purchasing an additional 550 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in General American Investors by 5.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,220 shares of the investment management company’s stock worth $629,000 after buying an additional 591 shares during the period. First Trust Advisors LP raised its position in General American Investors by 2.1% during the 3rd quarter. First Trust Advisors LP now owns 36,975 shares of the investment management company’s stock worth $2,300,000 after buying an additional 756 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its stake in General American Investors by 4.4% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 23,679 shares of the investment management company’s stock valued at $1,327,000 after acquiring an additional 1,000 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of General American Investors by 41.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 1,103 shares during the last quarter. 36.85% of the stock is owned by hedge funds and other 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.