General American Investors (NYSE:GAM) VP Eugene Stark Purchases 5,000 Shares of Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $24.00 per share, with a total value of $120,000.00. Following the acquisition, the vice president directly owned 17,000 shares in the company, valued at approximately $408,000. The trade was a 41.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

General American Investors Stock Performance

Shares of General American Investors stock opened at $64.51 on Wednesday. General American Investors, Inc. has a twelve month low of $56.24 and a twelve month high of $68.57. The business has a 50-day moving average price of $65.94 and a 200-day moving average price of $63.70.

Hedge Funds Weigh In On General American Investors

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its holdings in shares of General American Investors by 13.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after acquiring an additional 183,051 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in General American Investors by 10.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock worth $47,611,000 after purchasing an additional 75,259 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in General American Investors by 98,734.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock worth $43,186,000 after purchasing an additional 734,581 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in General American Investors by 9.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after purchasing an additional 37,312 shares in the last quarter. Finally, Altium Capital Management LLC raised its stake in General American Investors by 133.9% during the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock valued at $2,851,000 after purchasing an additional 27,910 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company’s stock.

About General American Investors

General American Investors Company, Inc is a publicly traded closed-end investment company that seeks long-term capital appreciation through investments in a diversified portfolio of securities. The company’s shares trade on the New York Stock Exchange under the symbol GAM.

Founded in 1927, General American Investors is one of the oldest closed-end investment companies in the United States. Its portfolio has historically included common stocks, convertible securities and other investments, with an emphasis on identifying companies that may offer attractive long-term growth potential.

The company invests primarily in publicly traded businesses across a range of industries and may hold investments in both U.S.