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

Shares of General American Investors Company, Inc. (NYSE:GAM) saw an uptick in trading volume on Wednesday . 10,439 shares changed hands during trading, a decline of 40% from the previous session’s volume of 17,403 shares.The stock last traded at $53.12 and had previously closed at $53.25.

General American Investors Stock Performance

The business’s 50 day simple moving average is $51.48 and its 200-day simple moving average is $52.09.

General American Investors Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, December 27th. Investors of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a yield of 0.8%.

Insider Buying and Selling at General American Investors

In other General American Investors news, CEO Jeffrey W. Priest purchased 6,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the purchase, the chief executive officer now owns 15,392 shares in the company, valued at approximately $384,800. This trade represents a 63.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 7,250 shares of company stock worth $192,031 over the last three months. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of General American Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Pathstone Holdings LLC raised its stake in General American Investors by 31.9% during the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock worth $17,731,000 after acquiring an additional 79,975 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of General American Investors during the 3rd quarter valued at approximately $1,490,000. Park Avenue Securities LLC grew its holdings in shares of General American Investors by 19.2% during the 4th quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock valued at $1,516,000 after purchasing an additional 4,782 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in General American Investors during the 3rd quarter worth approximately $1,769,000. Finally, Farther Finance Advisors LLC bought a new position in General American Investors in the 3rd quarter valued at approximately $59,000. 36.85% of the stock is currently owned by institutional investors.

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.