General American Investors, Inc. (NYSE:GAM – Get Free Report) insider Craig Grassi purchased 2,000 shares of General American Investors stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average cost of $23.08 per share, for a total transaction of $46,160.00. Following the completion of the purchase, the insider owned 3,100 shares of the company’s stock, valued at $71,548. This trade represents a 181.82% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
General American Investors Stock Performance
Shares of GAM stock traded down $0.47 during mid-day trading on Wednesday, reaching $65.00. 4,902 shares of the company’s stock traded hands, compared to its average volume of 27,191. General American Investors, Inc. has a 12 month low of $56.24 and a 12 month high of $68.57. The company’s 50-day moving average price is $66.01 and its 200-day moving average price is $63.82.
Institutional Investors Weigh In On General American Investors
Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in General American Investors by 10.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after purchasing an additional 273 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of General American Investors in the 2nd quarter worth approximately $169,000. Harbour Investments Inc. grew its stake in shares of General American Investors by 10.9% in the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after buying an additional 297 shares during the last quarter. Quad Cities Investment Group LLC bought a new position in General American Investors during the 2nd quarter valued at approximately $207,000. Finally, Prospera Financial Services Inc raised its stake 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 valued at $236,000 after buying an additional 395 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.
About General American Investors
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.
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