General American Investors (NYSE:GAM) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

General American Investors, Inc. (NYSE:GAM)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $59.00 and traded as high as $61.34. General American Investors shares last traded at $60.84, with a volume of 17,920 shares traded.

General American Investors Stock Up 0.2%

The company’s 50 day moving average price is $59.00 and its 200 day moving average price is $60.06.

General American Investors Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, November 17th were given a $6.40 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a yield of 1,125.0%. This is a boost from General American Investors’s previous annual dividend of $0.45.

Insider Activity at General American Investors

In related news, VP Eugene S. Stark acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average price of $24.98 per share, with a total value of $99,920.00. Following the completion of the transaction, the vice president owned 24,000 shares of the company’s stock, valued at $599,520. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 4,100 shares of company stock valued at $102,418 in the last three months. Insiders own 8.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Grimes & Company Inc. purchased a new stake in General American Investors during the 2nd quarter worth about $202,000. Prospera Financial Services Inc acquired a new position in shares of General American Investors during the second quarter worth about $203,000. Bank of Montreal Can acquired a new position in shares of General American Investors during the second quarter worth about $203,000. Osaic Holdings Inc. increased its stake in shares of General American Investors by 41.6% during the second quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after buying an additional 1,103 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new stake in General American Investors in the third quarter valued at approximately $211,000. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Company Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.