General American Investors (GAM) News
Market Cap: $1.19B
Avg Volume: 26.89K
Industry: Asset Management
Sector: Financial Services
GAM: Tech Exposure Could Mean Short-Term Pain
General American Investors Company is a closed-end fund that has historically outperformed the S&P 500 Index, attracting investors despite being underfollowed and underheld. The fund primarily invests in American common equities, which may face downside risk due to capital outflows from the U.S. and overvaluation concerns. Despite its value-oriented approach, the fund holds significant positions in richly valued mega-cap technology stocks, potentially dragging down performance amid ongoing capital flight.
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GAM: A Value-Oriented Fund With A Strong Performance History
General American Investors Company has outperformed the S&P 500 Index over the past 30 years, delivering a 3,418.47% total return since 1995. The fund focuses on long-term capital appreciation through a diversified portfolio, with a lower emphasis on the information technology sector compared to the S&P 500. The fund has a very low turnover compared to most, which appears to be the result of a very value-oriented buy-and-hold strategy.
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SPE And PFO: Two 'Buy' Opportunities Based On Attractive Discounts
Closed-end fund discounts/premiums, due to their structure, allow for potential opportunities to capitalize on mean reversion. CEFs also offer relatively higher distribution yields as they leverage their portfolios and payout sources of income, capital gains and/or return of capital. Today, we are giving SPE and PFO a look; these are two funds that, we believe, are attractively valued and provide monthly distribution to investors.
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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.
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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.
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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.
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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'.
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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!
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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).
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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.
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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.
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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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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.
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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.
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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.
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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.
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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.
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General American Investors Announces Issue Price for the 2023 Year-End Dividend and Distribution Payable on December 28, 2023
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 2023 year-end dividend and distribution on its common stock will be $42.44 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 15, 2023, which was below the.
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General American Investors Company Announces: Actions 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.
businesswire.com
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General American Investors Company Announces Actions Taken by the Board of Directors
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 September 25, 2023 to holders of record on September 7, 2023. This quarterly dividend and distribution represents a payment for the accrual period from June 26, 2023 through September 24, 2023. Preferred shareholders will.
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GAM: Might Need A Change In Managers
GAM: Might Need A Change In Managers
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GAM: Plodding Along
General American Investors is an equity-focused CEF. The fund has a Large Cap/Growth tilt to its portfolio composition.
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GAM Seems To Have Lost Its Mojo
General American Investors (GAM) uses a concentrated investment strategy that dates back to 1927. There are at least 3 other CEFs with that length of history. For investors looking for a fund that consistently provides better results than the SPDR S&P 500 Trust ETF (SPY), GAM recently fails on that measure.
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3 Great Retirement Funds Yielding Up To 11.2%
I don't know if you've noticed, but there's been a flurry of doom-and-gloom articles making the rounds that all preach the same thing.
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My 12% Dividend Plan For The Rest Of 2022
There's a glaring disconnect out there between the health of the economy (still strong) and the mood of investors (terrible).
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GAM: When Looking For A CEF With Over 50 Years Of Track Record
GAM: When Looking For A CEF With Over 50 Years Of Track Record
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Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Mergers Completed (November 14, 2021)
15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.
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SPE: Attractive Valuation And A Managed 8% Distribution Plan
SPE: Attractive Valuation And A Managed 8% Distribution Plan
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This 6.3% Dividend Is Cheap (16% Off)
I'm hearing from a lot of dividend investors suffering from “bull-market blues”
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SPE: Deep Discount, Attractive 8.3%+ Distribution And Appealing Portfolio
SPE: Deep Discount, Attractive 8.3%+ Distribution And Appealing Portfolio
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CRF: Good Performance But Absurd Premium
CRF: Good Performance But Absurd Premium
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General American Investors Announces Issue Price for the 2020 Year-End Dividend and Distribution Payable on December 30, 2020
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 2020 year-end dividend and distribution on its common stock will be $36.825 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 18, 2020, which was below the
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Closed-End Funds: Semi-Annual And Annual Distribution Payers
Semi-annual and annual distribution payers can be a bit of bonus for income investors. These funds are generally niche funds, investing in specific countries.
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General American Investors Files Certified Shareholder Report for Period Ended June 30, 2020
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities
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The Reopening Killed The V-Shaped Recovery
This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ
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General American Investors Reports Net Assets as of March 31, 2020
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, 2020 of $813,940,783 as compared with net assets applicable to its common stock of $1,081,697,614 at December 31, 2019. The value at March 31, 2020 reflects a decrease in net assets resulting from operations for the three-month period then ended of $263,950,016, and a decrease of $3,806,815 reflecting the cost of repurchasing 109,129 shares of the Company’s common stock.
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General American Investors Company Inc (NYSE:GAM) Shares Acquired by Ladenburg Thalmann Financial Services Inc.
Ladenburg Thalmann Financial Services Inc. boosted its position in General American Investors Company Inc (NYSE:GAM) by 27.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,273 shares of the investment management company’s stock after acquiring an additional 921 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in General American Investors were […]
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Bank of America Corp DE Has $5.33 Million Position in General American Investors Company Inc (NYSE:GAM)
Bank of America Corp DE raised its holdings in General American Investors Company Inc (NYSE:GAM) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 141,238 shares of the investment management company’s stock after acquiring an additional 8,820 shares during the quarter. Bank of America Corp DE’s holdings in General American Investors were worth […]
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Advisors Asset Management Inc. Purchases Shares of 5,025 General American Investors Company Inc (NYSE:GAM)
Advisors Asset Management Inc. purchased a new stake in shares of General American Investors Company Inc (NYSE:GAM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,025 shares of the investment management company’s stock, valued at approximately $190,000. Other institutional investors have also made changes […]
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General American Investors Company Inc (NYSE:GAM) Shares Sold by Guggenheim Capital LLC
Guggenheim Capital LLC cut its position in General American Investors Company Inc (NYSE:GAM) by 25.8% during the fourth quarter, HoldingsChannel reports. The firm owned 23,640 shares of the investment management company’s stock after selling 8,241 shares during the quarter. Guggenheim Capital LLC’s holdings in General American Investors were worth $892,000 as of its most recent […]
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General American Investors Announces Change of Location for 2020 Annual Meeting of Shareholders to Virtual Format
General American Investors Company, Inc. (the "Company"), a closed-end investment company listed on the New York Stock Exchange (ticker: GAM), today announced that it provided its shareholders with notice of a change in location for its 2020 Annual Meeting of Stockholders through the filing of additional materials with the Securities and Exchange Commission.
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General American Investors Company Inc (NYSE:GAM) Stake Boosted by 1832 Asset Management L.P.
1832 Asset Management L.P. increased its position in shares of General American Investors Company Inc (NYSE:GAM) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,463 shares of the investment management company’s stock after acquiring an additional […]
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Envestnet Asset Management Inc. Increases Stock Position in General American Investors Company Inc (NYSE:GAM)
Envestnet Asset Management Inc. grew its holdings in General American Investors Company Inc (NYSE:GAM) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,685 shares of the investment management company’s stock after purchasing an additional 2,978 shares during the quarter. […]
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Cannell Peter B & Co. Inc. Acquires 2,549 Shares of General American Investors Company Inc (NYSE:GAM)
Cannell Peter B & Co. Inc. lifted its holdings in General American Investors Company Inc (NYSE:GAM) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,808 shares of the investment management company’s stock after acquiring an additional 2,549 shares […]
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General American Investors Files Certified Shareholder Report for Year Ended December 31, 2019
General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the year ended December 31, 2019. The Form N-CSR, which contains the Company’s 2019 Annual Report, is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com.
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General American Investors Company, Inc. -- Moody's announces completion of a periodic review of ratings of General American Investors Company, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of General American Investors Company, Inc. New York, January 27, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of General American Investors Company, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
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Le gérant GAM épinglé par la Bourse suisse
Le gérant d'actif suisse est dans le viseur de l'opérateur boursier local alors qu'il reste fragilisé par le licenciement de son gérant star Tim Haywood l'été dernier pour des irrégularités dans la gestion des risques.
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Kering (Gucci) doit-il racheter le géant des doudounes de luxe Moncler ? : le conseil Bourse du jour
Une acquisition de Moncler par Kering (Gucci) reposerait sur une logique substantiellement différente de celle du rachat récent de Tiffany ar LVMH, juge GAM.
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The Chemist's Closed-End Fund Report - April 2019: Treading Water
No summary available.
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The Chemist's Closed-End Fund Report - March 2019: Fixed Income CEFs Strike Back
No summary available.
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