General American Investors Company, Inc. (NYSE:GAM) Stock Position Reduced by Overbrook Management Corp

Overbrook Management Corp lessened its position in shares of General American Investors Company, Inc. (NYSE:GAM) by 26.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,841 shares of the investment management company’s stock after selling 12,538 shares during the period. Overbrook Management Corp owned about 0.15% of General American Investors worth $1,868,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC raised its position in shares of General American Investors by 3.7% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company’s stock worth $33,575,000 after purchasing an additional 24,196 shares during the period. Cornerstone Advisors LLC raised its position in shares of General American Investors by 24.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock worth $21,974,000 after purchasing an additional 87,843 shares during the period. Pathstone Holdings LLC raised its position in shares of General American Investors by 31.9% during the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock worth $17,731,000 after purchasing an additional 79,975 shares during the period. Shaker Financial Services LLC raised its position in shares of General American Investors by 41.9% during the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock worth $5,396,000 after purchasing an additional 32,065 shares during the period. Finally, Wolverine Asset Management LLC raised its position in shares of General American Investors by 22.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company’s stock worth $3,396,000 after purchasing an additional 12,663 shares during the period. Institutional investors own 36.85% of the company’s stock.

General American Investors Stock Performance

GAM opened at $49.57 on Thursday. General American Investors Company, Inc. has a 12 month low of $40.89 and a 12 month high of $55.44. The stock’s 50 day moving average price is $53.33 and its 200 day moving average price is $51.18.

General American Investors Announces Dividend

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