General American Investors (NYSE:GAM) Stock: Insider Craig Anthony Grassi Acquires 2,000 Shares

General American Investors, Inc. (NYSE:GAM) insider Craig Grassi bought 2,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $23.08 per share, for a total transaction of $46,160.00. Following the completion of the purchase, the insider owned 3,100 shares of the company’s stock, valued at approximately $71,548. The trade was a 181.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

General American Investors Stock Performance

Shares of GAM stock opened at $64.57 on Friday. The company has a 50 day moving average of $66.01 and a 200-day moving average of $63.88. General American Investors, Inc. has a 12-month low of $56.24 and a 12-month high of $68.57.

Institutional Trading of General American Investors

Hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of General American Investors by 13.1% in the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after purchasing an additional 183,051 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in General American Investors by 10.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock valued at $47,611,000 after acquiring an additional 75,259 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of 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 worth $25,197,000 after acquiring an additional 37,312 shares in the last quarter. Altium Capital Management LLC boosted its holdings in shares of General American Investors by 133.9% in the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock worth $2,851,000 after acquiring an additional 27,910 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of General American Investors by 10.1% in the first quarter. First Trust Advisors LP now owns 42,898 shares of the investment management company’s stock worth $2,508,000 after acquiring an additional 3,940 shares during the period. 36.85% of the stock is currently owned by institutional investors.

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.