Insider Buying: General American Investors (NYSE:GAM) VP Acquires 5,000 Shares

General American Investors, Inc. (NYSE:GAM) VP Eugene Stark purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the transaction, the vice president owned 17,000 shares in the company, valued at $408,000. This represents a 41.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

General American Investors Price Performance

GAM stock traded down $0.57 during mid-day trading on Tuesday, reaching $64.51. 35,397 shares of the company traded hands, compared to its average volume of 27,688. General American Investors, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $68.57. The firm’s 50 day moving average price is $65.95 and its 200 day moving average price is $63.69.

Institutional Investors Weigh In On General American Investors

Institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its stake in General American Investors by 13.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock valued at $92,422,000 after acquiring an additional 183,051 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of General American Investors by 10.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock worth $47,611,000 after acquiring an additional 75,259 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of General American Investors by 98,734.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock worth $43,186,000 after acquiring an additional 734,581 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of General American Investors by 9.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after purchasing an additional 37,312 shares during the last quarter. Finally, Altium Capital Management LLC raised its holdings in shares of General American Investors by 133.9% in the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock valued at $2,851,000 after purchasing an additional 27,910 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

General American Investors Company, Inc is a publicly traded closed-end investment company that seeks long-term capital appreciation through investments in a diversified portfolio of securities. The company’s shares trade on the New York Stock Exchange under the symbol GAM.

Founded in 1927, General American Investors is one of the oldest closed-end investment companies in the United States. Its portfolio has historically included common stocks, convertible securities and other investments, with an emphasis on identifying companies that may offer attractive long-term growth potential.

The company invests primarily in publicly traded businesses across a range of industries and may hold investments in both U.S.