General American Investors (NYSE:GAM) Sees Large Volume Increase

Shares of General American Investors Company, Inc. (NYSE:GAM) saw strong trading volume on Tuesday . 35,320 shares changed hands during mid-day trading, an increase of 39% from the previous session’s volume of 25,334 shares.The stock last traded at $52.40 and had previously closed at $52.64.

General American Investors Trading Up 0.8 %

The stock’s 50-day simple moving average is $51.11 and its 200-day simple moving average is $48.25.

Insiders Place Their Bets

In other news, VP Eugene S. Stark bought 1,973 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $24.76 per share, with a total value of $48,851.48. Following the completion of the acquisition, the vice president now owns 12,000 shares of the company’s stock, valued at $297,120. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Institutional Trading of General American Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in General American Investors by 122.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock valued at $34,000 after purchasing an additional 378 shares during the period. BNP Paribas purchased a new position in shares of General American Investors in the 1st quarter worth $35,000. Integrated Capital Management Inc. bought a new stake in General American Investors during the second quarter worth approximately $206,000. Matisse Capital purchased a new stake in General American Investors during the 1st quarter valued at $247,000. Finally, Cetera Advisors LLC purchased a new stake in shares of General American Investors in the first quarter valued at $343,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.