General American Investors, Inc. $GAM Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. lessened its stake in shares of General American Investors, Inc. (NYSE:GAM) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 232,651 shares of the investment management company’s stock after selling 45,224 shares during the quarter. Sit Investment Associates Inc.’s holdings in General American Investors were worth $13,664,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Birchwood Financial Partners Inc. acquired a new position in General American Investors in the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. raised its holdings in General American Investors by 10.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 273 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of General American Investors by 10.9% during the 4th 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 during the period. Laird Norton Wetherby Wealth Management LLC purchased a new stake in shares of General American Investors in the third quarter valued at $211,000. Finally, CIBC Bancorp USA Inc. purchased a new position in General American Investors during the third quarter worth about $214,000. 36.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General American Investors

In other news, VP Eugene S. Stark acquired 6,151 shares of the business’s stock in a transaction dated 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 acquisition, the vice president directly owned 34,000 shares in the company, valued at $845,240. This trade represents a 22.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 7,651 shares of company stock worth $190,054 over the last ninety days. 7.93% of the stock is currently owned by insiders.

General American Investors Trading Up 0.6%

Shares of GAM stock opened at $63.96 on Friday. General American Investors, Inc. has a 1-year low of $53.78 and a 1-year high of $66.18. The firm’s 50-day simple moving average is $63.79 and its 200-day simple moving average is $61.28.

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.