Key Points
- Eugene Stark, VP of General American Investors, purchased 6,151 shares on April 8 at an average cost of $24.86 for a total of $152,913.86, increasing his holdings to 34,000 shares (a 22.09% rise) valued at about $845,240.
- Institutional buying has picked up—Royal Bank of Canada increased its stake by 38.3% to 195,963 shares, and roughly 36.85% of GAM is owned by hedge funds and other institutional investors.
- GAM recently traded around $60.95, with a 50-day/200-day moving average near $60.40–$60.60 and a 12‑month price range of $44.40–$64.40.
General American Investors, Inc. (NYSE:GAM - Get Free Report) VP Eugene Stark purchased 6,151 shares of General American Investors stock in a transaction on Wednesday, April 8th. The shares were acquired at an average cost of $24.86 per share, with a total value of $152,913.86. Following the completion of the transaction, the vice president directly owned 34,000 shares in the company, valued at $845,240. The trade was a 22.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
General American Investors Price Performance
GAM opened at $60.95 on Thursday. The firm has a 50 day moving average of $60.40 and a two-hundred day moving average of $60.60. General American Investors, Inc. has a 12-month low of $44.40 and a 12-month high of $64.40.
Hedge Funds Weigh In On General American Investors
Several institutional investors have recently made changes to their positions in GAM. Royal Bank of Canada increased its holdings in shares of General American Investors by 38.3% during the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company's stock valued at $9,871,000 after purchasing an additional 54,223 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of General American Investors during the 2nd quarter valued at approximately $222,000. Raymond James Financial Inc. increased its holdings in shares of General American Investors by 2.2% during the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company's stock valued at $1,441,000 after purchasing an additional 550 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of General American Investors by 34.2% during the 2nd quarter. Bank of America Corp DE now owns 41,648 shares of the investment management company's stock valued at $2,334,000 after purchasing an additional 10,607 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of General American Investors by 41.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company's stock valued at $210,000 after purchasing an additional 1,103 shares in the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.
About General American Investors
(
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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