GAM - General American Investors Company, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
34.63
+0.08 (+0.23%)
At close: 3:59PM EDT
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Previous Close34.55
Open34.62
Bid34.61 x 900
Ask34.63 x 1300
Day's Range34.60 - 34.66
52 Week Range27.00 - 37.33
Volume40,408
Avg. Volume37,559
Market Cap890.597M
Beta (3Y Monthly)-0.28
PE Ratio (TTM)N/A
EPS (TTM)-3.19
Earnings DateFeb 1, 2016 - Feb 5, 2016
Forward Dividend & Yield2.25 (6.88%)
Ex-Dividend Date2018-11-16
1y Target EstN/A
Trade prices are not sourced from all markets
  • China Local Government Debt - The Bomb That Doesn't Explode
    Bloomberg27 days ago

    China Local Government Debt - The Bomb That Doesn't Explode

    Moody’s Investors Service thought the first one might come in 2017. What it suggests is China’s leadership isn’t prepared for a borrower with a regional authority’s imprimatur to renege on its principal, triggering higher borrowing costs across a swathe of the world’s third-largest bond market. Stepping in with official assistance when needed will help local authorities sustain the development spending key to holding up national growth.

  • Moody's2 months ago

    General American Investors Company, Inc. -- Moody's announces completion of a periodic review of ratings of General American Investors Company, Inc.

    Announcement: Moody's announces completion of a periodic review of ratings of General American Investors Company, Inc. New York, February 21, 2019 -- 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.

  • Business Wire2 months ago

    General American Investors Files Certified Shareholder Report for Year Ended December 31, 2018

    General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange , filed with the U.S. Securities and Exchange Commission its Certified Shareholder Report for the year ended December 31, 2018.

  • Business Wire2 months ago

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

    The Board of Directors also 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%. Through December 31, 2018, the Company has repurchased 27.4 million shares of common stock for $809 million at an average discount of 13.6%. General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930.

  • Capital Confidential: Whispers from the U.K.’s business and politics worlds
    MarketWatch2 months ago

    Capital Confidential: Whispers from the U.K.’s business and politics worlds

    Paul McNamara sparks a row over his personal pension investments; anecdotes from the IFR Awards; and Man Group’s latest award

  • Business Wire4 months ago

    General American Investors Announces Issue Price for the 2018 Year-End Dividend and Distribution Payable on December 28, 2018

    General American Investors Company, Inc. (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 2018 year-end dividend and distribution on its common stock will be $30.155 per share. The issue price represents the average between the high and the low prices on the New York Stock Exchange on December 14, 2018, which was below the net asset value of $36.16 per share on that date.

  • Business Wire5 months ago

    General American Investors Company Declares Year-End Dividends and Distributions on Common and Preferred Stock

    This quarterly dividend and distribution represents a payment for the accrual period from September 24, 2018 through December 23, 2018. General American Investors was founded in 1927, has been publicly traded since its inception and has been listed on the NYSE since 1930. The objective of the Company is long-term capital appreciation through investment in companies with above average growth potential.

  • Business Wire6 months ago

    General American Investors Reports Net Assets as of September 30, 2018

    General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange , reported net assets applicable to the Company’s common stock as of September 30, 2018 of $1,123,052,995 as compared with net assets applicable to its common stock of $1,070,483,445 at December 31, 2017.

  • How Swiftly Should a Hedge Fund Respond to a Whistle-Blower?
    Bloomberg7 months ago

    How Swiftly Should a Hedge Fund Respond to a Whistle-Blower?

    GAM Holding AG revealed on Tuesday that its investigation and subsequent decision to suspend star fund manager Tim Haywood was prompted by a whistle-blower. Its treatment of the internal informant appears to have been exemplary.

  • GAM's Haywood Probe Is Said to Review Deals With Industrialist
    Bloomberg7 months ago

    GAM's Haywood Probe Is Said to Review Deals With Industrialist

    Recent troubles for GAM Holding AG and one of its leading fund managers can be traced to a series of investments tied to a British industrialist, according to people familiar with the matter. Tim Haywood’s suspension six weeks ago -- which GAM said it decided upon after reviewing alleged violations of internal procedures -- partly relates to investments made in unlisted securities linked to companies controlled by Sanjeev Gupta, said the people, who asked not to be identified because an internal investigation at GAM is ongoing. Allegations that Haywood conducted insufficient due diligence on these investments were a key issue that prompted the fund manager’s suspension in July, the people said.

  • Short Sellers Circle GAM as Fund Woes Send Shares Plunging
    Bloomberg8 months ago

    Short Sellers Circle GAM as Fund Woes Send Shares Plunging

    Short sellers have increased bearish wagers on GAM Holding AG, the Swiss money manager that’s facing redemptions after it suspended bond manager Tim Haywood and moved to liquidate some of his money pools. Short interest in GAM, a bet by investors that shares will fall, rose to 2.2 percent of outstanding stock as of Tuesday, up from 0.3 percent at the end of last month, according to data compiled by IHS Markit. GAM shares have lost about a quarter of their value this month alone and were down as much as 11 percent on Thursday after Credit Suisse Group AG analyst Tom Mills reduced his target price on the stock by 51 percent to 7 Swiss francs.

  • GAM Unwinds Suspended Bond Manager's Frozen Assets
    Bloomberg8 months ago

    GAM Unwinds Suspended Bond Manager's Frozen Assets

    GAM Holding AG has begun to pay back investors in the frozen bond funds of suspended bond manager Tim Haywood, but some will get their money faster than others. Bloomberg's Patrick Winters reports on "Bloomberg ...

  • GAM Unwinds Frozen Assets of Suspended Bond Manager
    Bloomberg8 months ago

    GAM Unwinds Frozen Assets of Suspended Bond Manager

    GAM Holding AG has begun to pay back investors in the frozen bond funds of suspended bond manager Tim Haywood, but some will get their money faster than others. Bloomberg's Jason Kelly reports on "Bloomberg ...

  • GAM Liquidation Leaves 40% of Hedge Fund Investors’ Money Stuck
    Bloomberg8 months ago

    GAM Liquidation Leaves 40% of Hedge Fund Investors’ Money Stuck

    GAM Holding AG will start paying back investors in its frozen bond funds, but some will get money out faster than others. The Swiss firm will initially return 74 percent to 87 percent of the assets in Luxembourg and Irish-domiciled funds that were previously run by suspended bond manager Tim Haywood. Investors in Haywood’s Cayman Islands-based hedge fund will only get about 60 percent in early September, with another 5 percent expected by the end of that month and the remainder paid out over time depending on market conditions.

  • Fleeing Investors Add to GAM Challenges After Haywood Suspension
    Bloomberg8 months ago

    Fleeing Investors Add to GAM Challenges After Haywood Suspension

    Swiss investment firm GAM Holding AG shut down one of its biggest fund strategies and suspended a top money manager in a bruising few weeks. Since the firm announced the suspension of Tim Haywood on July 31 and froze his funds, investors pulled about $2.3 billion from other GAM strategies, according to data compiled by Bloomberg through Aug. 17. While the numbers may not entirely capture firm-wide flows, especially from private funds, they do suggest that redemptions accelerated from July, when clients took out some $800 million.

  • How Easy Is it to Unwind $7 Billion of Investments?
    Bloomberg8 months ago

    How Easy Is it to Unwind $7 Billion of Investments?

    GAM Holding AG should be applauded for moving swiftly to resolve the crisis engulfing its 7.3 billion Swiss francs ($7.3 billion) of unconstrained absolute return bond funds. GAM said on Friday it has decided to liquidate the nine funds “to maximize liquidity and value for investors.” Here are five questions that clients should be asking GAM's leaders, including Chief Executive Officer Alexander Friedman, as a matter of urgency. How big are the redemption requests?