Capstone Investment Advisors LLC Acquires Shares of 33,000 General American Investors Company, Inc. (NYSE:GAM)

Capstone Investment Advisors LLC bought a new stake in shares of General American Investors Company, Inc. (NYSE:GAM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 33,000 shares of the investment management company’s stock, valued at approximately $1,769,000. Capstone Investment Advisors LLC owned 0.14% of General American Investors as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $34,000 after purchasing an additional 378 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of General American Investors during the 3rd quarter valued at about $59,000. Eastern Bank bought a new position in shares of General American Investors in the 3rd quarter valued at approximately $92,000. Tyler Stone Wealth Management lifted its holdings in General American Investors by 100.0% in the 3rd 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 last quarter. Finally, Integrated Capital Management Inc. bought a new stake in General American Investors during the second quarter worth approximately $206,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Price Performance

NYSE:GAM opened at $51.13 on Friday. The company’s 50 day moving average is $53.11 and its 200-day moving average is $51.29. General American Investors Company, Inc. has a 12 month low of $41.11 and a 12 month high of $55.44.

General American Investors Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, November 18th will be given a $0.45 dividend. This represents a dividend 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.