General American Investors, Inc. (NYSE:GAM – Get Free Report) VP Eugene Stark acquired 5,000 shares of General American Investors stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $24.00 per share, with a total value of $120,000.00. Following the transaction, the vice president owned 17,000 shares in the company, valued at approximately $408,000. This trade represents a 41.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
General American Investors Stock Down 0.9%
Shares of General American Investors stock traded down $0.57 during trading on Tuesday, reaching $64.51. 35,397 shares of the company traded hands, compared to its average volume of 27,688. General American Investors, Inc. has a 1-year low of $56.24 and a 1-year high of $68.57. The company has a 50 day moving average price of $65.95 and a 200-day moving average price of $63.69.
Hedge Funds Weigh In On General American Investors
A number of institutional investors and hedge funds have recently made changes to their positions in GAM. Lazard Asset Management LLC increased its holdings in shares of General American Investors by 13.1% during the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock valued at $92,422,000 after acquiring an additional 183,051 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of General American Investors by 10.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock worth $47,611,000 after purchasing an additional 75,259 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in General American Investors by 98,734.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock valued at $43,186,000 after purchasing an additional 734,581 shares during the period. Allspring Global Investments Holdings LLC increased its stake in General American Investors by 9.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after purchasing an additional 37,312 shares in the last quarter. Finally, Altium Capital Management LLC raised its holdings in General American Investors by 133.9% during the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock worth $2,851,000 after buying an additional 27,910 shares during 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 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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