General American Investors (NYSE:GAM) VP Buys $99,920.00 in Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average cost of $24.98 per share, with a total value of $99,920.00. Following the acquisition, the vice president directly owned 24,000 shares of the company’s stock, valued at approximately $599,520. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

General American Investors Trading Up 0.2%

Shares of NYSE GAM opened at $60.35 on Friday. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40. The business’s 50 day moving average price is $59.24 and its 200 day moving average price is $59.85.

General American Investors Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its position in General American Investors by 6.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,041 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 350 shares during the period. Tompkins Financial Corp raised its stake in shares of General American Investors by 10.9% during the 4th quarter. Tompkins Financial Corp now owns 5,103 shares of the investment management company’s stock valued at $300,000 after buying an additional 501 shares during the last quarter. Stolper Co boosted its stake in shares of General American Investors by 9.1% in the fourth quarter. Stolper Co now owns 6,377 shares of the investment management company’s stock worth $375,000 after buying an additional 534 shares during the last quarter. Raymond James Financial Inc. boosted 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 buying an additional 550 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of General American Investors by 8.8% in the fourth quarter. Park Avenue Securities LLC now owns 6,906 shares of the investment management company’s stock worth $406,000 after buying an additional 561 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

About General American Investors

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.