General American Investors, Inc. (NYSE:GAM – Get Free Report) Treasurer Samantha Jin purchased 2,000 shares of General American Investors stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average price of $23.69 per share, for a total transaction of $47,380.00. Following the transaction, the treasurer directly owned 2,000 shares of the company’s stock, valued at $47,380. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
General American Investors Trading Down 0.2%
NYSE GAM traded down $0.12 during trading hours on Friday, hitting $64.89. 4,029 shares of the company were exchanged, compared to its average volume of 27,415. General American Investors, Inc. has a 52 week low of $56.24 and a 52 week high of $68.57. The stock has a 50-day moving average price of $65.96 and a 200 day moving average price of $63.74.
Hedge Funds Weigh In On General American Investors
A number of large investors have recently made changes to their positions in GAM. PNC Financial Services Group Inc. lifted its stake in shares of General American Investors by 10.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after acquiring an additional 273 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of General American Investors during the second quarter worth $169,000. Harbour Investments Inc. grew its holdings in shares of General American Investors by 10.9% in the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after purchasing an additional 297 shares during the last quarter. Quad Cities Investment Group LLC purchased a new position in General American Investors in the 2nd quarter worth about $207,000. Finally, Prospera Financial Services Inc lifted its holdings in General American Investors by 10.9% during the 4th quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock valued at $236,000 after buying an additional 395 shares in the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.
About General American Investors
General American Investors Company, Inc is a publicly traded closed-end investment company that seeks long-term capital appreciation through investments in a diversified portfolio of securities. The company’s shares trade on the New York Stock Exchange under the symbol GAM.
Founded in 1927, General American Investors is one of the oldest closed-end investment companies in the United States. Its portfolio has historically included common stocks, convertible securities and other investments, with an emphasis on identifying companies that may offer attractive long-term growth potential.
The company invests primarily in publicly traded businesses across a range of industries and may hold investments in both U.S.
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