General American Investors (NYSE:GAM) VP Eugene Stark Buys 3,000 Shares of Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark bought 3,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $24.95 per share, with a total value of $74,850.00. Following the acquisition, the vice president directly owned 27,000 shares in the company, valued at approximately $673,650. This trade represents a 12.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

General American Investors Price Performance

GAM opened at $59.60 on Tuesday. General American Investors, Inc. has a 1 year low of $41.80 and a 1 year high of $64.40. The firm has a 50 day moving average price of $60.82 and a 200 day moving average price of $60.79.

Institutional Investors Weigh In On General American Investors

Several large investors have recently made changes to their positions in the business. Birchwood Financial Partners Inc. acquired a new position in shares of General American Investors during the 4th quarter valued at $54,000. PNC Financial Services Group Inc. increased its holdings in 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 valued at $163,000 after purchasing an additional 273 shares in the last quarter. Harbour Investments Inc. increased its holdings in General American Investors by 10.9% in the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 297 shares in the last quarter. Prospera Financial Services Inc purchased a new position in General American Investors in the second quarter valued at about $203,000. Finally, Bank of Montreal Can acquired a new position in shares of General American Investors during the second quarter worth about $203,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

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.