Anang Majmudar Acquires 500 Shares of General American Investors (NYSE:GAM) Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar acquired 500 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were acquired at an average cost of $24.66 per share, for a total transaction of $12,330.00. Following the purchase, the insider directly owned 12,000 shares of the company’s stock, valued at $295,920. This represents a 4.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

General American Investors Price Performance

NYSE:GAM opened at $65.10 on Thursday. The company’s 50-day simple moving average is $60.80 and its 200 day simple moving average is $60.67. General American Investors, Inc. has a one year low of $49.21 and a one year high of $66.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of General American Investors by 20.7% in the third quarter. Advisors Asset Management Inc. now owns 97,440 shares of the investment management company’s stock worth $6,062,000 after buying an additional 16,734 shares in the last quarter. Waller Financial Planning Group Inc. bought a new position in shares of General American Investors in the fourth quarter worth approximately $1,149,000. Allspring Global Investments Holdings LLC lifted its stake in shares of General American Investors by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company’s stock worth $24,748,000 after buying an additional 30,217 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of General American Investors in the fourth quarter worth approximately $1,714,000. Finally, Neville Rodie & Shaw Inc. lifted its stake in shares of General American Investors by 999.4% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 294,147 shares of the investment management company’s stock worth $17,275,000 after buying an additional 267,392 shares in the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.