General American Investors (NYSE:GAM) Insider Purchases $42,500.00 in Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar bought 1,700 shares of General American Investors stock in a transaction dated Tuesday, February 3rd. The stock was acquired at an average price of $25.00 per share, with a total value of $42,500.00. Following the completion of the transaction, the insider directly owned 9,405 shares of the company’s stock, valued at approximately $235,125. The trade was a 22.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

General American Investors Stock Performance

GAM opened at $61.51 on Friday. General American Investors, Inc. has a twelve month low of $41.80 and a twelve month high of $64.40. The firm’s 50-day moving average price is $59.60 and its 200 day moving average price is $60.27.

Institutional Investors Weigh In On General American Investors

A number of large investors have recently made changes to their positions in GAM. Northwestern Mutual Wealth Management Co. lifted its position in General American Investors by 98,734.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock worth $43,186,000 after buying an additional 734,581 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of General American Investors by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company’s stock worth $24,748,000 after acquiring an additional 30,217 shares during the last quarter. Neville Rodie & Shaw Inc. raised its holdings in shares of General American Investors by 999.4% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 294,147 shares of the investment management company’s stock worth $17,275,000 after acquiring an additional 267,392 shares during the period. Royal Bank of Canada raised its holdings in shares of General American Investors by 38.3% during the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after acquiring an additional 54,223 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of General American Investors by 20.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 97,440 shares of the investment management company’s stock valued at $6,062,000 after acquiring an additional 16,734 shares during the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

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.