Levin Capital Strategies L.P. Buys 1,683 Shares of General American Investors Company, Inc. (NYSE:GAM)

Levin Capital Strategies L.P. grew its stake in shares of General American Investors Company, Inc. (NYSE:GAM) by 1.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 104,858 shares of the investment management company’s stock after acquiring an additional 1,683 shares during the quarter. Levin Capital Strategies L.P. owned about 0.44% of General American Investors worth $4,504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of General American Investors by 22.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 692,546 shares of the investment management company’s stock valued at $29,745,000 after acquiring an additional 125,281 shares during the period. Stolper Co raised its holdings in shares of General American Investors by 5.0% during the 4th quarter. Stolper Co now owns 5,779 shares of the investment management company’s stock worth $248,000 after buying an additional 275 shares in the last quarter. Almitas Capital LLC raised its holdings in shares of General American Investors by 8.7% during the 3rd quarter. Almitas Capital LLC now owns 119,406 shares of the investment management company’s stock worth $4,663,000 after buying an additional 9,542 shares in the last quarter. AQR Arbitrage LLC raised its holdings in shares of General American Investors by 185.1% during the 3rd quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company’s stock worth $2,455,000 after buying an additional 38,752 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of General American Investors by 5.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 44,373 shares of the investment management company’s stock worth $1,826,000 after buying an additional 2,093 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors.

General American Investors Price Performance

Shares of General American Investors stock traded up $0.74 during trading on Thursday, reaching $46.26. 12,460 shares of the company’s stock were exchanged, compared to its average volume of 22,436. General American Investors Company, Inc. has a 1-year low of $38.81 and a 1-year high of $46.81. The firm’s 50-day moving average price is $45.51 and its 200 day moving average price is $43.49.

Insider Transactions at General American Investors

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

General American Investors 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.