Northwestern Mutual Wealth Management Co. Has $43.19 Million Holdings in General American Investors, Inc. $GAM

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of General American Investors, Inc. (NYSE:GAM) by 98,734.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 735,325 shares of the investment management company’s stock after purchasing an additional 734,581 shares during the period. Northwestern Mutual Wealth Management Co. owned 3.13% of General American Investors worth $43,186,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC bought a new position in General American Investors during the third quarter worth $211,000. CIBC Bancorp USA Inc. bought a new position in General American Investors during the third quarter worth $214,000. Sequoia Financial Advisors LLC bought a new position in General American Investors during the third quarter worth $222,000. Osaic Holdings Inc. raised its stake in General American Investors by 41.6% during the second quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after buying an additional 1,103 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in General American Investors during the third quarter worth $248,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Price Performance

Shares of NYSE GAM opened at $63.27 on Tuesday. General American Investors, Inc. has a twelve month low of $52.69 and a twelve month high of $66.18. The firm has a fifty day simple moving average of $61.76 and a 200 day simple moving average of $60.82.

Insiders Place Their Bets

In other news, VP Eugene S. Stark bought 6,151 shares of the stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of $24.86 per share, with a total value of $152,913.86. Following the completion of the purchase, the vice president directly owned 34,000 shares of the company’s stock, valued at approximately $845,240. This represents a 22.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired a total of 10,662 shares of company stock worth $265,178 over the last ninety days. 7.93% of the stock is owned by company insiders.

About General American Investors

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.