Anang Majmudar Acquires 1,095 Shares of General American Investors (NYSE:GAM) Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar bought 1,095 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average price of $25.00 per share, with a total value of $27,375.00. Following the transaction, the insider owned 10,500 shares of the company’s stock, valued at $262,500. The trade was a 11.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

General American Investors Trading Down 0.3%

Shares of GAM stock opened at $60.64 on Friday. The company’s fifty day simple moving average is $59.54 and its two-hundred day simple moving average is $60.24. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its position in General American Investors by 6.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,041 shares of the investment management company’s stock worth $362,000 after purchasing an additional 350 shares during the last quarter. Tompkins Financial Corp increased its holdings in shares of General American Investors by 10.9% in the 4th quarter. Tompkins Financial Corp now owns 5,103 shares of the investment management company’s stock worth $300,000 after buying an additional 501 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of General American Investors by 10.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,564 shares of the investment management company’s stock worth $327,000 after buying an additional 513 shares during the last quarter. Stolper Co raised its position in shares of General American Investors by 9.1% during the 4th quarter. Stolper Co now owns 6,377 shares of the investment management company’s stock valued at $375,000 after buying an additional 534 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of General American Investors by 2.2% in the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock valued at $1,441,000 after acquiring an additional 550 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors.

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.