King Luther Capital Management Corp Acquires Shares of 23,116 General American Investors, Inc. $GAM

King Luther Capital Management Corp bought a new position in shares of General American Investors, Inc. (NYSE:GAM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,116 shares of the investment management company’s stock, valued at approximately $1,438,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GAM. Bank of Montreal Can bought a new stake in shares of General American Investors in the second quarter valued at approximately $203,000. Prospera Financial Services Inc bought a new position in General American Investors during the 2nd quarter worth $203,000. Osaic Holdings Inc. raised its holdings in General American Investors by 41.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 1,103 shares in the last quarter. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in shares of General American Investors during the 2nd quarter valued at $222,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of General American Investors during the 3rd quarter worth $222,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General American Investors

In other General American Investors news, insider Anang K. Majmudar bought 1,095 shares of the stock in a transaction on Wednesday, February 4th. The stock was purchased at an average price of $25.00 per share, with a total value of $27,375.00. Following the completion of the purchase, the insider owned 10,500 shares in the company, valued at $262,500. The trade was a 11.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Eugene S. Stark bought 4,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was bought at an average cost of $24.98 per share, with a total value of $99,920.00. Following the acquisition, the vice president directly owned 24,000 shares of the company’s stock, valued at approximately $599,520. The trade was a 20.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 6,895 shares of company stock valued at $172,293 over the last 90 days. Corporate insiders own 8.33% of the company’s stock.

General American Investors Stock Performance

Shares of NYSE GAM opened at $61.77 on Friday. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40. The stock’s fifty day moving average is $60.13 and its 200 day moving average is $60.56.

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.