General American Investors, Inc. $GAM Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its stake in shares of General American Investors, Inc. (NYSE:GAM) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,651 shares of the investment management company’s stock after selling 45,224 shares during the quarter. Sit Investment Associates Inc. owned about 0.99% of General American Investors worth $13,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in General American Investors by 10.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock valued at $163,000 after purchasing an additional 273 shares during the last quarter. Harbour Investments Inc. raised its stake 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 valued at $177,000 after buying an additional 297 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 valued at $362,000 after buying an additional 350 shares during the period. Prospera Financial Services Inc lifted its holdings in shares of General American Investors by 10.9% in 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% in the fourth quarter. Tompkins Financial Corp now owns 5,103 shares of the investment management company’s stock worth $300,000 after buying an additional 501 shares during the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.

General American Investors Stock Up 1.4%

General American Investors stock opened at $62.96 on Friday. The business’s 50-day moving average price is $63.32 and its 200 day moving average price is $61.08. General American Investors, Inc. has a 52 week low of $53.78 and a 52 week high of $66.18.

Insider Buying and Selling

In other news, VP Eugene S. Stark acquired 6,151 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average price of $24.86 per share, with a total value of $152,913.86. Following 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders purchased 7,662 shares of company stock valued at $190,328. Corporate insiders own 7.93% of the company’s stock.

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.