General American Investors Company, Inc.

General American Investors Company, Inc.

GAM
General American Investors Company, Inc.US flagNew York Stock Exchange
63.56
USD
-0.54
- -
1.52BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
Revenue per Share
4.25
6.89
-2.19
12.81
4.08
13.11
-6.56
12.45
11.62
- -
Basic EPS, GAAP
3.42
6.2
-2.77
12.1
3.26
12.36
-7.2
11.67
10.81
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.17
0.93
15.63
29.44
34.79
39.64
26.02
39.34
46.92
- -
Tangible Book Value per Share
47.83
41.63
29.92
45.83
54.02
56.16
39.75
54.9
62.6
- -
Basic Weighted Avg Shares
21
26
30
24
20
23
26
22
22
- -
Sales/Revenue/Turnover
91
177
-66
302
82
299
-172
280
252
346
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
84
171
-72
297
77
294
-177
273
245
340
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
92.91
96.41
109.01
98.18
93.56
98.06
103.18
97.8
97.53
98.2
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
5
5
5
4
4
3
2
2
Total Equity
1,213
1,261
1,087
1,272
1,278
1,473
1,041
1,423
1,546
1,756
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
652.13
-33.73
49.1
9.41
35.16
-23.77
33.49
24.65
29.72

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
8.97%
13.59%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
-20.99%
38.45%
Sales/Revenue/Turnover
- -
-25.73%
37.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
280
2024
- -
- -
- -
- -
252
2025
- -
- -
- -
- -
346

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
11.67
2024
- -
- -
- -
- -
10.81
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Jeffrey Priest
Sector
Financial Services
Industry
Asset Management
Address
530 Fifth Avenue New York City NY United States of America 10036
IPO Date
Mar 17, 1980
Business
General American Investors Company, Inc. (NYSE: GAM) is a closed-end investment management company that primarily invests in a diversified portfolio of common stocks with above-average growth potential to achieve long-term capital appreciation and secondarily current income; it employs fundamental, bottom-up security analysis and in-house research to select equities across sectors including information technology, financials, industrials, health care, consumer discretionary, communication services, consumer staples, energy, materials, and utilities. The company offers common stock (GAM) and 5.95% cumulative preferred stock series B (GAM Pr B), both listed on the New York Stock Exchange, with total net assets of approximately $1.81 billion as of September 30, 2025, including $1.62 billion applicable to common stock across 23.2 million shares outstanding and $190 million preferred stock liquidation value; its top holdings comprise Microsoft Corporation, Berkshire Hathaway Inc. Class A, Republic Services Inc., The TJX Companies Inc., Alphabet Inc. Class C, Apple Inc., Amazon.com Inc., GE Vernova Inc., ASML Holding N.V., and Arch Capital Group Ltd., representing about 44% of common net assets. Founded in 1927 and headquartered in New York City, the company operates principally in U.S. public equity markets while including select international and private securities; it maintains a global investment approach with a focus on growth stocks at reasonable valuations. Recent developments include a November 2025 declaration of a $6.40 per common share combined dividend and distribution comprising $5.95 from net long-term capital gains and $0.45 from net investment income, payable December 26, 2025; authorization for repurchasing up to 2 million additional common shares at an 8% or greater discount to net asset value, extending a program under which 33.7 million shares have been repurchased since 1995 for $1.1 billion; renewal of preferred stock repurchase authorization for 1,601,553 shares below $25 liquidation preference; appointment of Sarah M. Ward to the board of directors; and during the nine months ended September 30, 2025, repurchase of 252,180 common shares at a 12.5% average discount costing $13.5 million.

Company News

APIChat
  • 10 Best CEFs This Month: Average Yield Of 9% Plus (May 2026)

  • 10 Best CEFs This Month: Average Yield Of 9.5% (April 2026)

  • General American Investors, Inc. (NYSE:GAM) Short Interest Up 21.1% in March

  • General American Investors (NYSE:GAM) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

  • General American Investors Company, Inc. Quarterly Dividend and Distribution Preferred Stock

  • GAM: Great Portfolio, But You're Not Getting The Discount Back

  • 10 Best CEFs This Month: Average Yield Of 10% (March 2026)

  • 10 Best CEFs This Month: Average Yield Of 9.7% (February 2026)

  • General American Investors Files Certified Shareholder Report for Year Ended December 31, 2025

  • General American Investors Company Preferred Stock – Dividend/Distribution

  • General American Investors: We Are Forced To Put A Sell Rating On One Of Our Favorite Preferred Stocks

  • General American Investors (NYSE:GAM) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

  • 10 Best CEFs This Month: Average Yield Of 9.25% (December 2025)

  • 3 Old School CEFs That Consistently Beat The Market

  • General American Investors Announces Issue Price for the 2025 Year-End Dividend and Distribution Payable on December 26, 2025

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

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

  • Ready To Retire? These 8%+ CEFs Show The Way

  • General American Investors Files Certified Shareholder Report for Period Ended June 30, 2025

  • General American Investors Company Announces Appointment of Sarah M. Ward to Board of Directors