GAM
General American Investors CompanyGAM
GAM
About: General American Investors Co 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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
5% more funds holding
Funds holding: 85 [Q2] → 89 (+4) [Q3]
0% less capital invested
Capital invested by funds: $373M [Q2] → $371M (-$1.7M) [Q3]
2.42% less ownership
Funds ownership: 31.7% [Q2] → 29.28% (-2.42%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
26% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 27
Research analyst outlook
We haven’t received any recent analyst ratings for GAM.
Financial journalist opinion
Based on 3 articles about GAM published over the past 30 days
Neutral
Business Wire
1 week ago
General American Investors Announces Issue Price for the 2024 Year-End Dividend and Distribution Payable on December 27, 2024
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc. (NYSE: GAM), a closed-end investment company, announced that the price at which shares of its common stock will be issued to stockholders who elected to receive additional shares in payment of the 2024 year-end dividend and distribution on its common stock will be $52.26 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 13, 2024, which was below the.
Neutral
Business Wire
2 weeks ago
General American Investors Company Announces: Action Taken by the Board of Directors
NEW YORK--(BUSINESS WIRE)--The Board of Directors of General American Investors Company, Inc., a closed-end investment company whose common and preferred shares are listed on the New York Stock Exchange (NYSE symbols - GAM and GAM Pr B, respectively), renewed authorization for the repurchase of up to 1,601,553 outstanding shares of 5.95% Cumulative Preferred Stock, Series B when the shares are trading at a market price below the liquidation preference of $25 per share. To date, a total of 398,4.
Positive
Seeking Alpha
4 weeks ago
5 Best CEFs This Month For 8.5% Yield (November 2024)
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Neutral
Business Wire
1 month ago
General American Investors Company Actions Taken by the Board of Directors
NEW YORK--(BUSINESS WIRE)--Today, the Board of Directors of General American Investors Company, Inc. (NYSE symbol – GAM), a closed-end investment company, declared a combined dividend and distribution of $4.50 per share on its outstanding shares of common stock as follows: A distribution of $4.05 per share from net long-term capital gains on securities sold. A dividend of $0.45 per share from estimated undistributed net investment income for the full year 2024. Determination as to taxability wi.
Positive
Seeking Alpha
2 months ago
GAM: Moving To Hold After The Run-Up (Rating Downgrade)
General American Investors has outperformed the S&P 500 by over 25% since our last coverage, driven by a tightening discount to NAV and portfolio outperformance. GAM's portfolio mimics the S&P 500 but with only 70 stocks, focusing on NAV growth and a 5% distribution yield. The current market conditions and GAM's stretched valuation metrics prompt us to downgrade the fund from 'Buy' to 'Hold'.
Positive
Forbes
3 months ago
The 3 Best Big Closed-End Funds Of 2024
Sometimes as income investors we face a situation that sounds like a good problem to have: We have to pick among a group of very impressive investments!
Positive
Forbes
4 months ago
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).
Neutral
Seeking Alpha
6 months ago
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.
Positive
Seeking Alpha
6 months ago
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.
Neutral
Business Wire
7 months ago
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.
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