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

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar purchased 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were purchased 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 $235,125. This represents a 22.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

General American Investors Trading Up 0.2%

GAM stock traded up $0.14 during midday trading on Wednesday, reaching $60.83. The stock had a trading volume of 17,137 shares, compared to its average volume of 41,810. The company’s fifty day simple moving average is $59.45 and its 200 day simple moving average is $60.23. General American Investors, Inc. has a 52-week low of $41.80 and a 52-week high of $64.40.

Hedge Funds Weigh In On General American Investors

A number of institutional investors and hedge funds have recently bought and sold shares of GAM. Grimes & Company Inc. purchased a new stake in General American Investors during the 2nd quarter valued at about $202,000. Prospera Financial Services Inc acquired a new position in shares of General American Investors during the 2nd quarter worth approximately $203,000. Bank of Montreal Can purchased a new stake in shares of General American Investors in the second quarter valued at approximately $203,000. Osaic Holdings Inc. grew its position in shares of 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 valued at $210,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new stake in shares of General American Investors in the third quarter valued at approximately $211,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.