Eugene S. Stark Buys 600 Shares of General American Investors Co. Inc. (GAM) Stock

General American Investors Co. Inc. (NYSE:GAM) VP Eugene S. Stark bought 600 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were purchased at an average price of $26.35 per share, for a total transaction of $15,810.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of General American Investors Co. Inc. (NYSE:GAM) opened at $34.22 on Thursday. General American Investors Co. Inc. has a one year low of $31.01 and a one year high of $36.59.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, November 10th. This represents a dividend yield of 1.33%. This is a boost from General American Investors’s previous annual dividend of $0.05.

Several institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of General American Investors in the third quarter valued at $117,000. Janney Montgomery Scott LLC purchased a new stake in shares of General American Investors during the second quarter worth about $200,000. Raymond James Trust N.A. purchased a new stake in shares of General American Investors during the second quarter worth about $204,000. Citigroup Inc. boosted its position in General American Investors by 2,379.3% in the second quarter. Citigroup Inc. now owns 13,686 shares of the investment management company’s stock valued at $470,000 after buying an additional 13,134 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its position in General American Investors by 24.7% in the 3rd quarter. Commonwealth Equity Services Inc now owns 21,031 shares of the investment management company’s stock worth $757,000 after purchasing an additional 4,159 shares in the last quarter. Hedge funds and other institutional investors own 26.56% of the company’s stock.

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