General American Investors (NYSE:GAM) Sets New 12-Month High at $46.95

General American Investors Company, Inc. (NYSE:GAM) reached a new 52-week high on Monday . The company traded as high as $46.95 and last traded at $46.76, with a volume of 16806 shares trading hands. The stock had previously closed at $46.33.

General American Investors Stock Up 0.3 %

The business has a fifty day moving average price of $45.63 and a 200-day moving average price of $43.65.

Insider Activity at General American Investors

In related news, CEO Jeffrey W. Priest purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average cost of $25.09 per share, with a total value of $100,360.00. Following the purchase, the chief executive officer now directly owns 7,200 shares of the company’s stock, valued at $180,648. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey W. Priest acquired 4,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average price of $25.09 per share, for a total transaction of $100,360.00. Following the completion of the transaction, the chief executive officer now owns 7,200 shares of the company’s stock, valued at approximately $180,648. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Eugene S. Stark acquired 2,500 shares of the stock in a transaction on Wednesday, April 10th. The stock was bought at an average price of $25.00 per share, with a total value of $62,500.00. Following the transaction, the vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $250,000. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,230 shares of company stock valued at $190,216. Corporate insiders own 8.30% of the company’s stock.

Hedge Funds Weigh In On General American Investors

Hedge funds have recently made changes to their positions in the business. BNP Paribas purchased a new position in shares of General American Investors during the first quarter valued at approximately $35,000. Peoples Bank KS purchased a new stake in General American Investors in the third quarter worth $35,000. Authentikos Wealth Advisory LLC purchased a new stake in General American Investors in the third quarter worth $51,000. Matisse Capital purchased a new stake in General American Investors in the first quarter worth $247,000. Finally, Stolper Co grew its stake in General American Investors by 5.0% in the fourth quarter. Stolper Co now owns 5,779 shares of the investment management company’s stock worth $248,000 after purchasing an additional 275 shares during the period. 36.85% of the stock is owned by hedge funds and other institutional investors.

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.