General American Investors (NYSE:GAM) Sees Unusually-High Trading Volume

General American Investors Company, Inc. (NYSE:GAM) shares saw unusually-strong trading volume on Tuesday . Approximately 35,320 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 25,334 shares.The stock last traded at $52.40 and had previously closed at $52.64.

General American Investors Price Performance

The business has a 50 day moving average price of $51.11 and a 200 day moving average price of $48.25.

Insider Buying and Selling at General American Investors

In related news, VP Eugene S. Stark acquired 1,973 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of $24.76 per share, for a total transaction of $48,851.48. Following the purchase, the vice president now directly owns 12,000 shares in the company, valued at approximately $297,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On General American Investors

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 378 shares in the last quarter. BNP Paribas bought a new position in shares of General American Investors during the 1st quarter worth $35,000. Integrated Capital Management Inc. bought a new stake in General American Investors during the 2nd quarter valued at $206,000. Matisse Capital purchased a new stake in shares of General American Investors in the first quarter worth about $247,000. Finally, Cetera Advisors LLC purchased a new stake in shares of General American Investors in the first quarter worth $343,000. 36.85% of the stock is owned by institutional investors.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.