General American Investors (NYSE:GAM) Insider Anang Majmudar Acquires 500 Shares of Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar bought 500 shares of the company’s stock in a transaction on Monday, April 20th. The stock was bought at an average price of $24.66 per share, with a total value of $12,330.00. Following the completion of the acquisition, the insider owned 12,000 shares in the company, valued at $295,920. This represents a 4.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $64.30 on Wednesday. The business has a fifty day moving average of $60.73 and a two-hundred day moving average of $60.64. General American Investors, Inc. has a 52-week low of $47.73 and a 52-week high of $64.94.

Institutional Trading of General American Investors

Large investors have recently added to or reduced their stakes in the stock. Birchwood Financial Partners Inc. purchased a new stake in General American Investors in the 4th quarter valued at $54,000. PNC Financial Services Group Inc. grew its holdings in General American Investors by 10.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock valued at $163,000 after buying an additional 273 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of General American Investors by 10.9% during the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after purchasing an additional 297 shares during the period. Osaic Holdings Inc. grew its holdings in shares of General American Investors by 41.6% during the 2nd 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, Laird Norton Wetherby Wealth Management LLC purchased a new position in shares of General American Investors during the 3rd quarter worth $211,000. 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.