General American Investors, Inc. $GAM is Blue Bell Private Wealth Management LLC’s 2nd Largest Position

Blue Bell Private Wealth Management LLC boosted its holdings in shares of General American Investors, Inc. (NYSE:GAM) by 10.2% in the fourth quarter, HoldingsChannel reports. The fund owned 810,682 shares of the investment management company’s stock after buying an additional 75,259 shares during the quarter. General American Investors accounts for 7.0% of Blue Bell Private Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Blue Bell Private Wealth Management LLC’s holdings in General American Investors were worth $47,611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of General American Investors by 10.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after purchasing an additional 273 shares during the period. Harbour Investments Inc. lifted its position in General American Investors by 10.9% in the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after buying an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in General American Investors by 6.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,041 shares of the investment management company’s stock worth $362,000 after buying an additional 350 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of General American Investors by 10.9% during the 4th quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock valued at $236,000 after buying an additional 395 shares during the period. Finally, Tompkins Financial Corp boosted its stake in shares of General American Investors by 10.9% during the 4th quarter. Tompkins Financial Corp now owns 5,103 shares of the investment management company’s stock valued at $300,000 after buying an additional 501 shares during the period. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Stock Performance

General American Investors stock opened at $64.29 on Tuesday. General American Investors, Inc. has a 12 month low of $52.69 and a 12 month high of $66.18. The company’s fifty day simple moving average is $62.14 and its 200-day simple moving average is $60.83.

Insider Transactions at General American Investors

In other news, VP Eugene S. Stark bought 6,151 shares of the stock in a transaction on Wednesday, April 8th. The shares were purchased at an average price of $24.86 per share, for a total transaction of $152,913.86. Following the completion of the purchase, the vice president directly owned 34,000 shares of the company’s stock, valued at $845,240. This trade represents a 22.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 10,662 shares of company stock worth $265,178 over the last ninety days. 7.93% of the stock is currently owned by company insiders.

General American Investors 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.