Farther Finance Advisors LLC Takes $59,000 Position in General American Investors Company, Inc. (NYSE:GAM)

Farther Finance Advisors LLC acquired a new stake in General American Investors Company, Inc. (NYSE:GAM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,100 shares of the investment management company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GAM. Pinnacle Associates Ltd. acquired a new stake in shares of General American Investors in the third quarter worth approximately $422,000. Eastern Bank acquired a new stake in shares of General American Investors in the third quarter worth approximately $92,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of General American Investors in the third quarter worth approximately $513,000. Sanctuary Advisors LLC acquired a new stake in shares of General American Investors in the second quarter worth approximately $1,818,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 acquiring an additional 378 shares during the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Price Performance

Shares of NYSE:GAM opened at $54.66 on Thursday. The business’s 50 day moving average price is $53.36 and its 200-day moving average price is $50.98. General American Investors Company, Inc. has a 1 year low of $40.03 and a 1 year 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. Shareholders of record on Monday, November 18th will be paid a dividend of $0.45 per share. This represents a 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.