General American Investors, Inc. (NYSE:GAM) Chairman Spencer Davidson acquired 400 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were purchased at an average cost of $33.83 per share, with a total value of $13,532.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

General American Investors, Inc. (GAM) traded up $0.12 during midday trading on Friday, reaching $33.81. 75,517 shares of the company’s stock traded hands, compared to its average volume of 91,597. General American Investors, Inc. has a 52 week low of $31.01 and a 52 week high of $36.59.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of General American Investors during the third quarter valued at $117,000. Janney Montgomery Scott LLC bought a new position in General American Investors in the second quarter worth about $200,000. Raymond James Trust N.A. bought a new position in General American Investors in the second quarter worth about $204,000. Citigroup Inc. raised its holdings 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 worth $470,000 after purchasing an additional 13,134 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its holdings in General American Investors by 24.7% in the third 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. 26.56% of the stock is owned by hedge funds and other institutional investors.

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