Capstone Investment Advisors LLC Makes New Investment in General American Investors Company, Inc. (NYSE:GAM)

Capstone Investment Advisors LLC acquired a new stake in shares of General American Investors Company, Inc. (NYSE:GAM) in the third quarter, Holdings Channel.com reports. The firm acquired 33,000 shares of the investment management company’s stock, valued at approximately $1,769,000.

Several other hedge funds have also made changes to their positions in GAM. Advisors Asset Management Inc. acquired a new position in General American Investors in the 3rd quarter valued at approximately $1,490,000. Pathstone Holdings LLC increased its position in shares of 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 valued at $17,731,000 after purchasing an additional 79,975 shares during the period. Schrum Private Wealth Management LLC raised its stake in shares of General American Investors by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company’s stock valued at $543,000 after purchasing an additional 5,062 shares in the last quarter. Tyler Stone Wealth Management lifted its position 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 worth $241,000 after purchasing an additional 2,247 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in General American Investors during the third quarter worth $59,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Price Performance

Shares of General American Investors stock opened at $51.13 on Friday. The company’s fifty day moving average price is $53.11 and its two-hundred day moving average price is $51.29. General American Investors Company, Inc. has a 52-week low of $41.11 and a 52-week high of $55.44.

General American Investors Dividend Announcement

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

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.