General American Investors, Inc. (NYSE:GAM) CEO Jeffrey W. Priest acquired 300 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $35.21 per share, for a total transaction of $10,563.00. Following the completion of the transaction, the chief executive officer now owns 70,439 shares in the company, valued at approximately $2,480,157.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of General American Investors, Inc. (NYSE:GAM) opened at 35.41 on Wednesday. General American Investors, Inc. has a 12 month low of $28.72 and a 12 month high of $35.51. The stock has a 50 day moving average price of $34.73 and a 200-day moving average price of $34.22. The company has a market capitalization of $949.38 million, a price-to-earnings ratio of 6.25 and a beta of 1.19.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Deschutes Portfolio Strategy LLC raised its holdings in shares of General American Investors by 1.8% in the second quarter. Deschutes Portfolio Strategy LLC now owns 174,500 shares of the investment management company’s stock worth $5,994,000 after buying an additional 3,100 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of General American Investors by 11.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 562,053 shares of the investment management company’s stock worth $19,307,000 after buying an additional 58,875 shares during the period. Shaker Financial Services LLC raised its holdings in shares of General American Investors by 23.4% in the second quarter. Shaker Financial Services LLC now owns 179,456 shares of the investment management company’s stock worth $6,164,000 after buying an additional 34,056 shares during the period. First Trust Advisors LP raised its holdings in shares of General American Investors by 13.0% in the second quarter. First Trust Advisors LP now owns 51,941 shares of the investment management company’s stock worth $1,784,000 after buying an additional 5,962 shares during the period. Finally, First Manhattan Co. raised its holdings in shares of General American Investors by 14.8% in the second quarter. First Manhattan Co. now owns 18,812 shares of the investment management company’s stock worth $646,000 after buying an additional 2,420 shares during the period. Hedge funds and other institutional investors own 25.74% of the company’s stock.

About General American Investors

Insider Buying and Selling by Quarter for General American Investors (NYSE:GAM)

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