General American Investors (NYSE:GAM) VP Eugene Stark Acquires 3,000 Shares

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark purchased 3,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was acquired at an average cost of $24.95 per share, for a total transaction of $74,850.00. Following the completion of the purchase, the vice president owned 27,000 shares in the company, valued at $673,650. The trade was a 12.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

General American Investors Stock Up 1.1%

GAM traded up $0.67 during midday trading on Monday, hitting $59.60. The company’s stock had a trading volume of 39,969 shares, compared to its average volume of 31,603. General American Investors, Inc. has a 52-week low of $41.80 and a 52-week high of $64.40. The firm has a 50-day moving average price of $60.82 and a two-hundred day moving average price of $60.79.

Hedge Funds Weigh In On General American Investors

Several institutional investors and hedge funds have recently bought and sold shares of GAM. Royal Bank of Canada boosted its holdings in shares of General American Investors by 38.3% in the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock valued at $9,871,000 after purchasing an additional 54,223 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of General American Investors by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,381 shares of the investment management company’s stock worth $1,927,000 after buying an additional 2,810 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of General American Investors during the 2nd quarter worth $203,000. Prospera Financial Services Inc purchased a new position in shares of General American Investors in the 2nd quarter worth $203,000. Finally, Advisors Asset Management Inc. raised its position in shares of General American Investors by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 80,706 shares of the investment management company’s stock worth $4,523,000 after buying an additional 2,676 shares during the period. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Company Profile

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.