General American Investors (NYSE:GAM) Sees Unusually-High Trading Volume – Time to Buy?

General American Investors Company, Inc. (NYSE:GAM) shares saw strong trading volume on Wednesday . 10,439 shares traded hands during trading, a decline of 40% from the previous session’s volume of 17,403 shares.The stock last traded at $53.12 and had previously closed at $53.25.

General American Investors Stock Down 0.4 %

The company has a fifty day moving average price of $51.48 and a two-hundred day moving average price of $52.09.

General American Investors Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, November 18th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a yield of 0.8%.

Insider Transactions at General American Investors

In other news, CEO Jeffrey W. Priest acquired 6,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $25.00 per share, with a total value of $150,000.00. Following the transaction, the chief executive officer now directly owns 15,392 shares in the company, valued at approximately $384,800. The trade was a 63.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 7,250 shares of company stock worth $192,031 in the last 90 days. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of General American Investors

Several institutional investors and hedge funds have recently bought and sold shares of GAM. Janney Montgomery Scott LLC raised its position in shares of General American Investors by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company’s stock valued at $527,000 after purchasing an additional 414 shares during the period. Stolper Co grew its position in shares of General American Investors by 6.7% in the fourth quarter. Stolper Co now owns 5,879 shares of the investment management company’s stock valued at $300,000 after purchasing an additional 368 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new stake in General American Investors during the 4th quarter worth approximately $52,000. Park Avenue Securities LLC lifted its holdings in shares of General American Investors by 19.2% during the fourth quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock worth $1,516,000 after buying an additional 4,782 shares in the last quarter. Finally, Integrated Capital Management Inc. grew its position in shares of General American Investors by 22.1% during the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock worth $265,000 after purchasing an additional 940 shares in the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

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.