General American Investors (NYSE:GAM) Sees Strong Trading Volume – Still a Buy?

Shares of General American Investors Company, Inc. (NYSE:GAM) saw strong trading volume on Friday . 32,930 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 27,993 shares.The stock last traded at $49.84 and had previously closed at $49.93.

General American Investors Price Performance

The business’s 50 day moving average is $53.28 and its two-hundred day moving average is $51.17.

General American Investors Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of General American Investors by 122.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock worth $34,000 after purchasing an additional 378 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in General American Investors in the third quarter worth approximately $59,000. Eastern Bank purchased a new position in shares of General American Investors during the third quarter worth approximately $92,000. Integrated Capital Management Inc. bought a new stake in shares of General American Investors in the 2nd quarter worth approximately $206,000. Finally, Tyler Stone Wealth Management boosted its stake in shares of General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 2,247 shares in the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Company 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.