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

Sit Investment Associates Inc. lessened its holdings in General American Investors, Inc. (NYSE:GAM) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,651 shares of the investment management company’s stock after selling 45,224 shares during the period. Sit Investment Associates Inc.’s holdings in General American Investors were worth $13,664,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock valued at $9,871,000 after purchasing an additional 54,223 shares during the period. Raymond James Financial Inc. raised its stake in shares of General American Investors by 2.2% during the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock worth $1,441,000 after buying an additional 550 shares during the period. Bank of America Corp DE lifted its position in shares of General American Investors by 34.2% during the 2nd quarter. Bank of America Corp DE now owns 41,648 shares of the investment management company’s stock valued at $2,334,000 after buying an additional 10,607 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of General American Investors by 41.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock valued at $210,000 after buying an additional 1,103 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in General American Investors in the 3rd quarter valued at $248,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

Insider Activity

In related news, VP Eugene S. Stark bought 6,151 shares of the business’s stock in a transaction dated Wednesday, April 8th. The stock was acquired at an average price of $24.86 per share, with a total value of $152,913.86. Following the completion of the purchase, the vice president directly owned 34,000 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. Insiders have bought a total of 7,662 shares of company stock valued at $190,328 in the last quarter. 7.93% of the stock is owned by company insiders.

General American Investors Price Performance

Shares of NYSE GAM opened at $62.96 on Friday. The firm has a fifty day moving average of $63.32 and a 200 day moving average of $61.08. General American Investors, Inc. has a one year low of $53.78 and a one year high of $66.18.

About General American Investors

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.