General American Investors Co. Inc. (NYSE:GAM) CEO Jeffrey W. Priest acquired 1,200 shares of General American Investors stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average cost of $25.80 per share, for a total transaction of $30,960.00. Following the purchase, the chief executive officer now directly owns 1,200 shares of the company’s stock, valued at approximately $30,960. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
GAM stock opened at $33.00 on Friday. General American Investors Co. Inc. has a one year low of $32.20 and a one year high of $36.59.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Neville Rodie & Shaw Inc. lifted its stake in shares of General American Investors by 174.0% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 106,107 shares of the investment management company’s stock valued at $3,650,000 after buying an additional 67,383 shares during the period. Uncommon Cents Investing LLC purchased a new position in General American Investors during the fourth quarter worth approximately $574,000. Levin Capital Strategies L.P. raised its stake in General American Investors by 9.2% during the fourth quarter. Levin Capital Strategies L.P. now owns 23,661 shares of the investment management company’s stock worth $814,000 after purchasing an additional 1,994 shares during the period. Matisse Capital raised its stake in General American Investors by 8.0% during the fourth quarter. Matisse Capital now owns 190,595 shares of the investment management company’s stock worth $6,556,000 after purchasing an additional 14,095 shares during the period. Finally, SG Americas Securities LLC raised its stake in General American Investors by 91.6% during the fourth quarter. SG Americas Securities LLC now owns 15,176 shares of the investment management company’s stock worth $522,000 after purchasing an additional 7,257 shares during the period. 24.03% of the stock is currently owned by institutional investors and hedge funds.
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General American Investors Company, Inc is a diversified, closed-end management investment company. The Company’s primary objective is long-term capital appreciation with lesser emphasis on current income. The Company invests principally in common stocks. The Company invests in various industry sectors, such as financials, including banks, diversified financials and insurance; information technology (IT), including semiconductors and semiconductor equipment, software and services, and technology hardware and equipment; consumer staples, including food beverage and tobacco, and food and staples retailing; consumer discretionary, including automobiles and components, consumer services, retailing and media; industrials, including capital goods, and commercial and professional services; healthcare, including pharmaceuticals, biotechnology and life sciences; energy; materials, and telecommunications services.
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