Key Points
- Anang Majmudar purchased 500 shares of General American Investors on April 20 at an average price of $24.66 per share for a total of $12,330; the buy raised his position to 12,000 shares (a 4.35% increase) and was disclosed in an SEC filing.
- GAM opened at $64.30 and is trading near its 12‑month high ($47.73–$64.94) with 50‑ and 200‑day simple moving averages around $60.7, while about 36.85% of the stock is held by hedge funds and other institutional investors that recently adjusted stakes.
General American Investors, Inc. (NYSE:GAM - Get Free Report) insider Anang Majmudar purchased 500 shares of the stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of $24.66 per share, with a total value of $12,330.00. Following the completion of the acquisition, the insider owned 12,000 shares in the company, valued at approximately $295,920. This trade represents a 4.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
General American Investors Trading Up 0.4%
NYSE GAM opened at $64.30 on Wednesday. General American Investors, Inc. has a twelve month low of $47.73 and a twelve month high of $64.94. The stock has a fifty day simple moving average of $60.73 and a 200-day simple moving average of $60.64.
Hedge Funds Weigh In On General American Investors
A number of hedge funds have recently modified their holdings of GAM. Birchwood Financial Partners Inc. acquired a new position in General American Investors during the 4th quarter worth about $54,000. PNC Financial Services Group Inc. lifted its stake in 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 in the last quarter. Harbour Investments Inc. lifted its stake in General American Investors by 10.9% during the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company's stock worth $177,000 after acquiring an additional 297 shares in the last quarter. Osaic Holdings Inc. lifted its stake in 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 acquiring an additional 1,103 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in General American Investors during the 3rd quarter worth about $211,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
