General American Investors (NYSE:GAM) VP Eugene Stark Acquires 5,000 Shares of Company Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 5,000 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was acquired at an average price of $22.75 per share, for a total transaction of $113,750.00. Following the acquisition, the vice president owned 39,000 shares of the company’s stock, valued at approximately $887,250. This trade represents a 14.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

General American Investors Trading Down 0.4%

GAM stock opened at $64.57 on Friday. The firm has a 50 day moving average price of $66.01 and a 200-day moving average price of $63.88. General American Investors, Inc. has a 52-week low of $56.24 and a 52-week high of $68.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GAM. Lazard Asset Management LLC increased its position in shares of General American Investors by 13.1% during the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock valued at $92,422,000 after acquiring an additional 183,051 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in General American Investors by 9.5% during 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 purchasing an additional 37,312 shares during the last quarter. Altium Capital Management LLC boosted its stake in General American Investors by 133.9% during the 1st quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock valued at $2,851,000 after purchasing an additional 27,910 shares during the last quarter. First Trust Advisors LP raised its stake in shares of General American Investors by 10.1% in the first quarter. First Trust Advisors LP now owns 42,898 shares of the investment management company’s stock worth $2,508,000 after purchasing an additional 3,940 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in shares of General American Investors during the second quarter valued at $2,435,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

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.