Insider Buying: General American Investors (NYSE:GAM) Insider Purchases 1,095 Shares of Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar bought 1,095 shares of the stock in a transaction on Wednesday, February 4th. The shares were bought at an average price of $25.00 per share, for a total transaction of $27,375.00. Following the completion of the transaction, the insider directly owned 10,500 shares of the company’s stock, valued at $262,500. This trade represents a 11.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

General American Investors Price Performance

Shares of GAM stock traded up $0.14 during midday trading on Wednesday, reaching $60.83. 17,137 shares of the company traded hands, compared to its average volume of 41,810. The firm’s 50 day simple moving average is $59.45 and its two-hundred day simple moving average is $60.23. General American Investors, Inc. has a 1-year low of $41.80 and a 1-year high of $64.40.

Institutional Trading of General American Investors

Several large investors have recently bought and sold shares of the company. Grimes & Company Inc. purchased a new position in shares of General American Investors in the second quarter valued at $202,000. Prospera Financial Services Inc acquired a new stake in General American Investors in the 2nd quarter valued at about $203,000. Bank of Montreal Can purchased a new position in General American Investors during the 2nd quarter valued at about $203,000. Osaic Holdings Inc. raised its position 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 acquiring an additional 1,103 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in General American Investors during the third quarter worth about $211,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

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.