Eugene Stark Acquires 5,000 Shares of General American Investors (NYSE:GAM) Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the transaction, the vice president directly owned 17,000 shares in the company, valued at approximately $408,000. This represents a 41.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

General American Investors Stock Performance

Shares of General American Investors stock opened at $64.41 on Thursday. General American Investors, Inc. has a 12 month low of $56.24 and a 12 month high of $68.57. The stock’s fifty day moving average price is $65.95 and its 200-day moving average price is $63.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of General American Investors during the second quarter valued at approximately $169,000. PNC Financial Services Group Inc. raised its stake in General American Investors by 10.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after buying an additional 273 shares in the last quarter. Harbour Investments Inc. raised its stake in 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 worth $177,000 after buying an additional 297 shares in the last quarter. Quad Cities Investment Group LLC purchased a new stake in General American Investors during the second quarter worth $207,000. Finally, Prospera Financial Services Inc lifted its holdings in General American Investors by 10.9% during the fourth quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock worth $236,000 after buying an additional 395 shares during the period. Hedge funds and other institutional investors own 36.85% of the company’s stock.

About General American Investors

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.