General American Investors (NYSE:GAM) VP Acquires $120,000.00 in Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 5,000 shares of General American Investors stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the purchase, the vice president owned 17,000 shares of the company’s stock, valued at approximately $408,000. This represents a 41.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

General American Investors Stock Performance

Shares of GAM stock opened at $65.03 on Friday. General American Investors, Inc. has a 52 week low of $56.24 and a 52 week high of $68.57. The stock’s fifty day moving average is $65.96 and its 200-day moving average is $63.74.

Institutional Trading of General American Investors

Several hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in General American Investors by 13.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after purchasing an additional 183,051 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in General American Investors by 10.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock valued at $47,611,000 after buying an additional 75,259 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of General American Investors by 98,734.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock valued at $43,186,000 after buying an additional 734,581 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of General American Investors by 9.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after buying an additional 37,312 shares during the period. Finally, Altium Capital Management LLC raised its position in shares of General American Investors by 133.9% during the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock worth $2,851,000 after acquiring an additional 27,910 shares during the last quarter. 36.85% of the stock is owned by institutional investors.

About General American Investors

General American Investors Company, Inc is a publicly traded closed-end investment company that seeks long-term capital appreciation through investments in a diversified portfolio of securities. The company’s shares trade on the New York Stock Exchange under the symbol GAM.

Founded in 1927, General American Investors is one of the oldest closed-end investment companies in the United States. Its portfolio has historically included common stocks, convertible securities and other investments, with an emphasis on identifying companies that may offer attractive long-term growth potential.

The company invests primarily in publicly traded businesses across a range of industries and may hold investments in both U.S.