General American Investors (NYSE:GAM) Sees Unusually-High Trading Volume – Time to Buy?

General American Investors, Inc. (NYSE:GAM) saw unusually-strong trading volume on Friday . Approximately 10,773 shares were traded during trading, a decline of 47% from the previous session’s volume of 20,490 shares.The stock last traded at $59.2850 and had previously closed at $58.96.

General American Investors Stock Up 0.3%

The business has a 50 day simple moving average of $60.32 and a 200 day simple moving average of $59.31.

General American Investors Increases Dividend

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

Institutional Investors Weigh In On General American Investors

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in General American Investors by 38.3% in the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after acquiring an additional 54,223 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of General American Investors by 79,052.6% during the first quarter. Jones Financial Companies Lllp now owns 45,117 shares of the investment management company’s stock worth $2,106,000 after purchasing an additional 45,060 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in General American Investors by 10.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 367,595 shares of the investment management company’s stock worth $20,600,000 after buying an additional 33,338 shares during the period. King Luther Capital Management Corp acquired a new stake in General American Investors during the 3rd quarter valued at approximately $1,438,000. Finally, Advisors Asset Management Inc. lifted its stake in General American Investors by 20.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 97,440 shares of the investment management company’s stock valued at $6,062,000 after acquiring an additional 16,734 shares during the period. 36.85% of the stock is owned by hedge funds and other institutional investors.

General American Investors Company Profile

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.