General American Investors, Inc. $GAM Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its holdings in shares of General American Investors, Inc. (NYSE:GAM) by 55.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,196 shares of the investment management company’s stock after selling 12,920 shares during the period. King Luther Capital Management Corp’s holdings in General American Investors were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC grew its holdings in General American Investors by 10.2% during the fourth 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 during the period. Harbour Investments Inc. boosted its position in General American Investors by 10.9% during the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after purchasing an additional 297 shares in the last quarter. Prospera Financial Services Inc boosted its position in General American Investors by 10.9% during the fourth quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock worth $236,000 after purchasing an additional 395 shares in the last quarter. Nixon Peabody Trust Co. purchased a new stake in General American Investors during the fourth quarter worth $373,000. Finally, Altium Capital Management LLC purchased a new stake in General American Investors during the fourth quarter worth $1,224,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Trading Up 0.3%

GAM opened at $64.21 on Friday. The business’s fifty day moving average is $62.51 and its two-hundred day moving average is $60.89. General American Investors, Inc. has a one year low of $53.55 and a one year high of $66.18.

Insider Buying and Selling

In other news, VP Eugene S. Stark bought 6,151 shares of the firm’s stock in a transaction on Wednesday, April 8th. The shares were bought at an average cost of $24.86 per share, for a total transaction of $152,913.86. Following the completion of the transaction, the vice president owned 34,000 shares in the company, valued at $845,240. This trade represents a 22.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 10,662 shares of company stock worth $265,178 in the last quarter. 7.93% of the stock is currently owned by insiders.

General American Investors Profile

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.