Shaker Financial Services LLC Invests $1.71 Million in General American Investors, Inc. $GAM

Shaker Financial Services LLC purchased a new position in shares of General American Investors, Inc. (NYSE:GAM) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 29,187 shares of the investment management company’s stock, valued at approximately $1,714,000.

Several other hedge funds have also made changes to their positions in GAM. Royal Bank of Canada lifted its position in shares of General American Investors by 38.3% during 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 in the last quarter. Raymond James Financial Inc. lifted its position in shares of General American Investors by 2.2% during 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 in the last quarter. Bank of America Corp DE lifted its position in shares of General American Investors by 34.2% during 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 in the last quarter. Osaic Holdings Inc. lifted its position in shares of 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 purchasing an additional 1,103 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of General American Investors by 8.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company’s stock worth $24,748,000 after purchasing an additional 30,217 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

Insider Activity at General American Investors

In other news, insider Anang K. Majmudar bought 1,095 shares of General American Investors stock in a transaction that occurred on Wednesday, February 4th. The shares were purchased at an average price of $25.00 per share, with a total value of $27,375.00. Following the completion of the acquisition, the insider directly owned 10,500 shares in the company, valued at $262,500. The trade was a 11.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eugene S. Stark bought 6,151 shares of General American Investors stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average cost of $24.86 per share, for a total transaction of $152,913.86. Following the acquisition, the vice president owned 34,000 shares of the company’s stock, valued at $845,240. This represents a 22.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 12,957 shares of company stock worth $322,723. 7.93% of the stock is owned by corporate insiders.

General American Investors Stock Up 1.1%

Shares of NYSE:GAM opened at $63.79 on Friday. The firm’s 50 day moving average price is $60.63 and its 200 day moving average price is $60.64. General American Investors, Inc. has a fifty-two week low of $47.49 and a fifty-two week high of $64.42.

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.