General American Investors (NYSE:GAM) Insider Anang Majmudar Purchases 1,700 Shares of Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar purchased 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was purchased at an average price of $25.00 per share, with a total value of $42,500.00. Following the purchase, the insider directly owned 9,405 shares of the company’s stock, valued at $235,125. The trade was a 22.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

General American Investors Price Performance

Shares of NYSE:GAM opened at $60.83 on Thursday. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40. The company’s 50 day moving average is $59.50 and its two-hundred day moving average is $60.24.

Institutional Investors Weigh In On General American Investors

Several hedge funds and other institutional investors have recently bought and sold shares of GAM. Shaker Financial Services LLC purchased a new stake in General American Investors in the fourth quarter valued at $1,714,000. BCS Wealth Management lifted its holdings in shares of General American Investors by 100.0% in the 4th quarter. BCS Wealth Management now owns 7,732 shares of the investment management company’s stock valued at $454,000 after purchasing an additional 3,866 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of General American Investors by 10.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,564 shares of the investment management company’s stock valued at $327,000 after purchasing an additional 513 shares during the period. Waller Financial Planning Group Inc. acquired a new stake in shares of General American Investors in the 4th quarter valued at about $1,149,000. Finally, Stolper Co grew its stake in General American Investors by 9.1% during the 4th quarter. Stolper Co now owns 6,377 shares of the investment management company’s stock worth $375,000 after buying an additional 534 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

About General American Investors

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.