Advisors Asset Management Inc. Invests $1.49 Million in General American Investors Company, Inc. (NYSE:GAM)

Advisors Asset Management Inc. bought a new stake in General American Investors Company, Inc. (NYSE:GAM) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 27,789 shares of the investment management company’s stock, valued at approximately $1,490,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GAM. Northwestern Mutual Wealth Management Co. boosted its stake 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 acquiring an additional 378 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in General American Investors during the 3rd quarter worth approximately $59,000. Eastern Bank acquired a new position in General American Investors during the third quarter worth approximately $92,000. Tyler Stone Wealth Management lifted its stake in General American Investors by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after buying an additional 2,247 shares during the last quarter. Finally, Integrated Capital Management Inc. purchased a new position in shares of General American Investors during the second quarter worth approximately $206,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Up 1.0 %

Shares of General American Investors stock opened at $50.69 on Tuesday. The firm’s fifty day simple moving average is $53.19 and its 200-day simple moving average is $51.27. General American Investors Company, Inc. has a 12 month low of $41.11 and a 12 month high of $55.44.

General American Investors Dividend Announcement

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

About General American Investors

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.