General American Investors Company, Inc. (NYSE:GAM) Shares Sold by Overbrook Management Corp

Overbrook Management Corp cut its position in shares of General American Investors Company, Inc. (NYSE:GAM) by 26.5% during the 3rd quarter, Holdings Channel reports. The firm owned 34,841 shares of the investment management company’s stock after selling 12,538 shares during the period. Overbrook Management Corp’s holdings in General American Investors were worth $1,868,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in shares of General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 378 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of General American Investors during the 3rd quarter worth $59,000. Eastern Bank bought a new stake in shares of General American Investors during the 3rd quarter worth $92,000. Integrated Capital Management Inc. bought a new stake in shares of General American Investors during the 2nd quarter worth $206,000. Finally, Tyler Stone Wealth Management boosted its stake in shares of General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after acquiring an additional 2,247 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Price Performance

GAM opened at $49.57 on Thursday. The business has a fifty day simple moving average of $53.33 and a 200-day simple moving average of $51.18. General American Investors Company, Inc. has a fifty-two week low of $40.89 and a fifty-two week high of $55.44.

General American Investors Announces Dividend

The business also recently disclosed 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. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, November 18th.

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.