Key Points
- Anang Majmudar bought 1,000 shares of General American Investors on April 17 at an average price of $24.81 per share for $24,810, raising his stake to 11,500 shares (a 9.52% increase); the purchase was disclosed in an SEC filing.
- GAM stock opened at $63.79, trading around its 50-day and 200-day simple moving averages (~$60.63 and $60.64) with a 12-month range of $47.49 to $64.42.
- About 36.85% of GAM is owned by institutional investors and hedge funds, with several managers (including Birchwood, PNC, Harbour, Osaic and Laird Norton) recently initiating or increasing positions.
General American Investors, Inc. (NYSE:GAM - Get Free Report) insider Anang Majmudar acquired 1,000 shares of the business's stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of $24.81 per share, for a total transaction of $24,810.00. Following the transaction, the insider owned 11,500 shares of the company's stock, valued at $285,315. This represents a 9.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
General American Investors Price Performance
Shares of GAM stock opened at $63.79 on Friday. The company's fifty day simple moving average is $60.63 and its 200-day simple moving average is $60.64. General American Investors, Inc. has a 12 month low of $47.49 and a 12 month high of $64.42.
Hedge Funds Weigh In On General American Investors
Several institutional investors and hedge funds have recently modified their holdings of GAM. Birchwood Financial Partners Inc. acquired a new position in shares of General American Investors in the fourth quarter valued at $54,000. PNC Financial Services Group Inc. grew its stake in shares of General American Investors by 10.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company's stock valued at $163,000 after acquiring an additional 273 shares in the last quarter. Harbour Investments Inc. boosted its holdings in General American Investors by 10.9% in the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company's stock valued at $177,000 after purchasing an additional 297 shares during the period. Osaic Holdings Inc. grew its position 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 worth $210,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in shares of General American Investors during the third quarter worth approximately $211,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.
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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