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

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

A number of other large investors have also bought and sold shares of GAM. Royal Bank of Canada grew its holdings in General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after purchasing an additional 54,223 shares during the period. Raymond James Financial Inc. grew its holdings in General American Investors by 2.2% in the second quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock worth $1,441,000 after purchasing an additional 550 shares during the period. Bank of America Corp DE grew its holdings in General American Investors by 34.2% in the second quarter. Bank of America Corp DE now owns 41,648 shares of the investment management company’s stock worth $2,334,000 after purchasing an additional 10,607 shares during the period. Osaic Holdings Inc. grew its holdings in General American Investors by 41.6% in the second quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after purchasing an additional 1,103 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in General American Investors in the third quarter worth $222,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Eugene S. Stark purchased 6,151 shares of General American Investors stock in a transaction on Wednesday, April 8th. The stock was acquired at an average cost of $24.86 per share, for a total transaction of $152,913.86. Following the completion of the acquisition, the vice president owned 34,000 shares of the company’s stock, valued at $845,240. This trade represents a 22.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have acquired 10,662 shares of company stock valued at $265,178 in the last ninety days. Company insiders own 7.93% of the company’s stock.

General American Investors Stock Performance

NYSE:GAM opened at $63.27 on Tuesday. The firm has a fifty day simple moving average of $61.76 and a two-hundred day simple moving average of $60.82. General American Investors, Inc. has a 12 month low of $52.69 and a 12 month high of $66.18.

General American Investors Profile

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.