Insider Buying: General American Investors (NYSE:GAM) Treasurer Purchases 2,000 Shares

General American Investors, Inc. (NYSE:GAM) Treasurer Samantha Jin purchased 2,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of $23.69 per share, with a total value of $47,380.00. Following the transaction, the treasurer owned 2,000 shares in the company, valued at $47,380. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

General American Investors Stock Performance

GAM stock traded down $0.12 during trading on Friday, hitting $64.89. 4,029 shares of the stock traded hands, compared to its average volume of 27,415. General American Investors, Inc. has a 1 year low of $56.24 and a 1 year high of $68.57. The firm’s 50 day moving average is $65.96 and its two-hundred day moving average is $63.74.

Institutional Trading of General American Investors

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of General American Investors by 10.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after purchasing an additional 273 shares in the last quarter. Harbour Investments Inc. lifted 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 worth $177,000 after purchasing an additional 297 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in General American Investors by 10.9% in the 4th quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock worth $236,000 after purchasing an additional 395 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in General American Investors by 32.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,656 shares of the investment management company’s stock worth $169,000 after purchasing an additional 657 shares during the period. Finally, Nixon Peabody Trust Co. grew its holdings in General American Investors by 10.9% during the 1st quarter. Nixon Peabody Trust Co. now owns 7,047 shares of the investment management company’s stock valued at $412,000 after buying an additional 692 shares in the last quarter. 36.85% of the stock is currently owned by hedge funds and other 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.