General American Investors (NYSE:GAM) Hits New 52-Week High at $46.52

General American Investors Company, Inc. (NYSE:GAM) shares reached a new 52-week high during trading on Thursday . The company traded as high as $46.52 and last traded at $46.42, with a volume of 338 shares changing hands. The stock had previously closed at $46.38.

General American Investors Stock Performance

The business has a 50 day moving average of $44.70 and a 200 day moving average of $42.72.

Insiders Place Their Bets

In other General American Investors news, CEO Jeffrey W. Priest purchased 1,000 shares of General American Investors stock in a transaction on Monday, January 8th. The shares were bought at an average price of $42.19 per share, with a total value of $42,190.00. Following the purchase, the chief executive officer now directly owns 95,616 shares in the company, valued at approximately $4,034,039.04. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 1,830 shares of company stock valued at $79,148 in the last ninety days. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Pathstone Holdings LLC acquired a new position in General American Investors during the fourth quarter worth approximately $10,590,000. Allspring Global Investments Holdings LLC boosted its holdings in General American Investors by 22.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 692,546 shares of the investment management company’s stock valued at $29,745,000 after acquiring an additional 125,281 shares during the last quarter. Advisor Partners II LLC purchased a new stake in General American Investors during the third quarter valued at about $2,951,000. AQR Arbitrage LLC grew its position in General American Investors by 185.1% during the third quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company’s stock valued at $2,455,000 after acquiring an additional 38,752 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in General American Investors by 185.1% during the third quarter. Commonwealth Equity Services LLC now owns 42,811 shares of the investment management company’s stock worth $1,449,000 after acquiring an additional 27,794 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 publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.