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

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were acquired at an average cost of $22.75 per share, with a total value of $113,750.00. Following the transaction, the vice president owned 39,000 shares in the company, valued at approximately $887,250. The trade was a 14.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

General American Investors Stock Performance

GAM stock traded down $0.39 during midday trading on Thursday, reaching $64.41. The company had a trading volume of 5,310 shares, compared to its average volume of 27,226. General American Investors, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $68.57. The stock has a 50 day moving average price of $66.01 and a 200 day moving average price of $63.85.

Hedge Funds Weigh In On General American Investors

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of General American Investors by 10.9% in the 4th 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 last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in General American Investors during the second quarter worth approximately $169,000. Harbour Investments Inc. grew its position in General American Investors by 10.9% in the fourth 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 during the last quarter. Quad Cities Investment Group LLC acquired a new position in General American Investors in the second quarter worth approximately $207,000. Finally, Prospera Financial Services Inc increased its holdings in shares of General American Investors by 10.9% in the fourth 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 in the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

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.