Insider Buying: General American Investors (NYSE:GAM) Insider Buys $12,330.00 in Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar acquired 500 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was purchased at an average cost of $24.66 per share, for a total transaction of $12,330.00. Following the acquisition, the insider owned 12,000 shares in the company, valued at approximately $295,920. This trade represents a 4.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

General American Investors Stock Up 0.2%

GAM stock opened at $65.26 on Friday. General American Investors, Inc. has a fifty-two week low of $49.41 and a fifty-two week high of $66.18. The firm’s 50-day simple moving average is $60.88 and its 200 day simple moving average is $60.70.

Institutional Trading of General American Investors

A number of large investors have recently modified their holdings of the company. Saba Capital Management L.P. increased its holdings in shares of General American Investors by 2.2% in the 4th quarter. Saba Capital Management L.P. now owns 2,085,885 shares of the investment management company’s stock worth $122,504,000 after acquiring an additional 44,324 shares during the period. Lazard Asset Management LLC increased its stake in General American Investors by 6.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,397,623 shares of the investment management company’s stock valued at $82,082,000 after buying an additional 78,547 shares during the period. Blue Bell Private Wealth Management LLC increased its stake 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 buying an additional 75,259 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in General American Investors by 98,734.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock valued at $43,186,000 after buying an additional 734,581 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in General American Investors by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company’s stock valued at $24,748,000 after buying an additional 30,217 shares during the period. 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.