General American Investors, Inc. (GAM) VP Eugene S. Stark Purchases 700 Shares

General American Investors, Inc. (NYSE:GAM) VP Eugene S. Stark purchased 700 shares of General American Investors stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of $33.88 per share, for a total transaction of $23,716.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

General American Investors, Inc. (NYSE GAM) traded up $0.34 during trading hours on Monday, hitting $34.15. The stock had a trading volume of 51,950 shares, compared to its average volume of 44,032. General American Investors, Inc. has a 52 week low of $31.01 and a 52 week high of $36.59.

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

Several large investors have recently added to or reduced their stakes in the company. Columbia Asset Management grew its holdings in shares of General American Investors by 0.3% during the second quarter. Columbia Asset Management now owns 79,775 shares of the investment management company’s stock worth $2,126,000 after purchasing an additional 250 shares during the last quarter. Deschutes Portfolio Strategy LLC grew its holdings in shares of General American Investors by 1.1% during the third quarter. Deschutes Portfolio Strategy LLC now owns 176,500 shares of the investment management company’s stock worth $6,358,000 after purchasing an additional 2,000 shares during the last quarter. Doliver Capital Advisors LP grew its holdings in shares of General American Investors by 7.9% during the second quarter. Doliver Capital Advisors LP now owns 28,539 shares of the investment management company’s stock worth $980,000 after purchasing an additional 2,100 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of General American Investors by 9.8% during the second quarter. PNC Financial Services Group Inc. now owns 25,132 shares of the investment management company’s stock worth $862,000 after purchasing an additional 2,245 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of General American Investors during the third quarter worth about $117,000. Institutional investors own 26.56% of the company’s stock.

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