Insider Buying: General American Investors (NYSE:GAM) VP Buys $74,850.00 in Stock

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark acquired 3,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $24.95 per share, for a total transaction of $74,850.00. Following the acquisition, the vice president owned 27,000 shares of the company’s stock, valued at approximately $673,650. This trade represents a 12.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

General American Investors Price Performance

Shares of GAM opened at $59.96 on Thursday. The business’s 50 day moving average price is $60.84 and its 200-day moving average price is $60.79. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $64.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after acquiring an additional 54,223 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of General American Investors by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 34,381 shares of the investment management company’s stock valued at $1,927,000 after acquiring an additional 2,810 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of General American Investors in the 2nd quarter worth about $203,000. Prospera Financial Services Inc purchased a new position in shares of General American Investors in the 2nd quarter worth about $203,000. Finally, Advisors Asset Management Inc. boosted its stake in General American Investors by 3.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 80,706 shares of the investment management company’s stock worth $4,523,000 after purchasing an additional 2,676 shares in the last quarter. 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 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.