King Luther Capital Management Corp Decreases Position in General American Investors, Inc. $GAM

King Luther Capital Management Corp reduced its stake in General American Investors, Inc. (NYSE:GAM) by 55.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,196 shares of the investment management company’s stock after selling 12,920 shares during the quarter. King Luther Capital Management Corp’s holdings in General American Investors were worth $599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Bell Private Wealth Management LLC lifted its position in shares of General American Investors by 10.2% in the fourth 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 in the last quarter. Harbour Investments Inc. lifted its position in shares of General American Investors by 10.9% in the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 297 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of General American Investors by 10.9% in the fourth quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock valued at $236,000 after acquiring an additional 395 shares in the last quarter. Nixon Peabody Trust Co. purchased a new stake in shares of General American Investors in the fourth quarter valued at $373,000. Finally, Altium Capital Management LLC purchased a new stake in shares of General American Investors in the fourth quarter valued at $1,224,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $64.21 on Friday. General American Investors, Inc. has a 52-week low of $53.55 and a 52-week high of $66.18. The stock’s fifty day simple moving average is $62.51 and its 200-day simple moving average is $60.89.

Insider Activity

In related news, VP Eugene S. Stark acquired 6,151 shares of General American Investors stock in a transaction dated Wednesday, April 8th. The shares were acquired at an average cost of $24.86 per share, for a total transaction of $152,913.86. Following the completion of the transaction, the vice president directly owned 34,000 shares of the company’s stock, valued at $845,240. The trade was a 22.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired 10,662 shares of company stock valued at $265,178 in the last quarter. 7.93% of the stock is owned by corporate insiders.

General American Investors Company Profile

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.