General American Investors, Inc. (NYSE:GAM - Get Free Report) VP Eugene Stark bought 3,000 shares of the company's stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $24.95 per share, for a total transaction of $74,850.00. Following the completion of the acquisition, the vice president owned 27,000 shares in the company, valued at approximately $673,650. This trade represents a 12.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
General American Investors Stock Performance
NYSE GAM opened at $59.60 on Tuesday. General American Investors, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $64.40. The business has a 50 day moving average price of $60.82 and a two-hundred day moving average price of $60.79.
Institutional Investors Weigh In On General American Investors
Large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in General American Investors by 20.7% during the 3rd 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 during the period. Allspring Global Investments Holdings LLC boosted its position in General American Investors by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company's stock valued at $24,748,000 after buying an additional 30,217 shares during the last quarter. King Luther Capital Management Corp acquired a new stake in shares of General American Investors during the third quarter valued at about $1,438,000. Envestnet Asset Management Inc. grew its stake in shares of General American Investors by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 34,381 shares of the investment management company's stock valued at $1,927,000 after acquiring an additional 2,810 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of General American Investors during the second quarter worth about $203,000. 36.85% of the stock is owned by institutional investors and hedge funds.
General American Investors Company Profile
(
Get Free Report)
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.
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