GAM

General American Investors Company
GAM

$53.47

0.47%

Market Cap: $1.26B

About: General American Investors Company Inc is a closed-end, diversified management investment company. The primary investment objective of the company is long-term capital appreciation through investment in companies with above-average growth potential. It focuses on equity securities with growth potential at reasonable valuations.

0

Funds holding %

of 6,728 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

33% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]

6% more capital invested

Capital invested by funds: $341M [Q1] → $360M (+$19.6M) [Q2]

5% more funds holding

Funds holding: 81 [Q1] → 85 (+4) [Q2]

5% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 21

0.33% less ownership

Funds ownership: 30.99% [Q1] → 30.66% (-0.33%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GAM.

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Financial journalist opinion

The 3 Best Big Closed-End Funds Of 2024

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The 3 Best Big Closed-End Funds Of 2024

How These 8.3% CEFs Soared Double Digits

We're a little more than halfway through the year now, so it's a great time to check the state of play on our favorite high-yield plays: 8%+ paying closed-end funds (CEFs).

How These 8.3% CEFs Soared Double Digits

The 'Undercovered' Dozen From June 1-6

The "Undercovered" Dozen highlights twelve ideas from the previous month on stocks with limited coverage. Biotechs CRISPR Therapeutics, Voyager Therapeutics, and Alnylam Pharmaceuticals are covered along with Enovix, Uranium Royalty, Clover Health, and Haliburton. Many of the ideas included have not been discussed in months on the site. One of the ideas is actually first-ever coverage for this ticker.

The 'Undercovered' Dozen From June 1-6

GAM: Very Attractive 18% Discount, Variable Income, And Solid Past Performance

General American Investors Co. Inc. is a closed-end fund that invests in a diversified pool of equities of mostly large-cap U.S. listed stocks. The GAM CEF uses nearly 12% leverage in the form of preferred shares, for which it pays 5.95% in distributions quarterly. GAM's past performance is solid, especially the long-term performance. In some ways, this fund is a proxy for the S&P 500 Index in terms of capital appreciation with the benefit of significant income, though variable from year to year.

GAM: Very Attractive 18% Discount, Variable Income, And Solid Past Performance

General American Investors Reports Net Assets as of March 31, 2024

NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), reported net assets applicable to the Company's common stock as of March 31, 2024 of $1,346,421,659 as compared with net assets applicable to its common stock of $1,233,031,938 at December 31, 2023. The value at March 31, 2024 reflects an increase in net assets resulting from operations for the three-month period then ended of $119,893,493 and a net d.

General American Investors Reports Net Assets as of March 31, 2024

General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock

NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on June 24, 2024 to holders of record on June 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from March 25, 2024 through June 23, 2024. Preferred shareho.

General American Investors Company, Inc. Quarterly Dividend and Distribution on 5.95% Preferred Stock

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) Investigation

NEW YORK--(BUSINESS WIRE)---- $GAM #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of General American Investors, Inc. (“General American Investors” or “the Company”) (NYSE: GAM). Investors who purchased General American Investors securities prior to February 9, 2024, and continue to hold to the present, are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/GAM. Investig.

Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of General American Investors, Inc. (GAM) Investigation

General American Investors Company Announces Action Taken by the Board of Directors

NEW YORK--(BUSINESS WIRE)--The Board of Directors authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value by at least 8%. This continues a repurchase program which began in March 1995. Through December 31, 2023, the Company has repurchased 32.5 million shares of common stock for a cost of $1 billion at an average discount of 14.1%. General American Investors was founded in 1927, has bee.

General American Investors Company Announces Action Taken by the Board of Directors

General American Investors Company Preferred Stock – Dividend/Distribution

NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared on its 5.95% cumulative preferred stock, series B, a dividend and distribution of $0.371875 per share payable in cash on March 25, 2024 to holders of record on March 7, 2024. This quarterly dividend and distribution represents a payment for the accrual period from December 26, 2023 through March 24, 2024. Preferred shareholders will be info.

General American Investors Company Preferred Stock – Dividend/Distribution

GAM: A Robust Way To Extract Equity Dividends In A Low VIX Environment

Most equity closed-end funds (CEFs) tracking the S&P 500 have underperformed due to options utilization in extracting dividends. General American Investors (GAM), an equity CEF that does not use covered calls, has been able to fully match the index in the past year. GAM's reliable and transparent performance, along with its low VIX level, make it an attractive alternative to other equity CEFs.

GAM: A Robust Way To Extract Equity Dividends In A Low VIX Environment

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