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

General American Investors Company, Inc. (NYSE:GAM) shares saw an uptick in 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 Stock Performance

The stock has a 50-day moving average price of $53.23 and a 200-day moving average price of $51.22.

General American Investors Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, November 18th will be given a $0.45 dividend. The ex-dividend date is Monday, November 18th. This represents a dividend yield of 0.8%.

Institutional Investors Weigh In On General American Investors

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in General American Investors by 122.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after buying an additional 378 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of General American Investors in the 3rd quarter valued at about $59,000. Eastern Bank bought a new stake in shares of General American Investors during the 3rd quarter valued at about $92,000. Integrated Capital Management Inc. bought a new stake in shares of General American Investors during the 2nd quarter valued at about $206,000. Finally, Tyler Stone Wealth Management grew its stake in General American Investors by 100.0% during the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after purchasing an additional 2,247 shares during the period. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.