16,098 General American Investors, Inc. $GAM Shares Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC grew its holdings in shares of General American Investors, Inc. (NYSE:GAM) by 63.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,332 shares of the investment management company’s stock after purchasing an additional 16,098 shares during the period. Samalin Investment Counsel LLC’s holdings in General American Investors were worth $2,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Readystate Asset Management LP purchased a new position in General American Investors during the 2nd quarter worth $391,000. Susquehanna International Group LLP acquired a new position in General American Investors during the 2nd quarter valued at about $265,000. IMC Chicago LLC purchased a new stake in General American Investors in the second quarter valued at about $314,000. Northwestern Mutual Wealth Management Co. raised its stake in General American Investors by 32.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,656 shares of the investment management company’s stock valued at $169,000 after buying an additional 657 shares during the last quarter. Finally, United Capital Financial Advisors LLC purchased a new stake in General American Investors in the second quarter valued at about $532,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Price Performance

Shares of NYSE GAM opened at $63.75 on Monday. The business has a 50-day simple moving average of $65.45 and a two-hundred day simple moving average of $64.62. General American Investors, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $68.57.

Insider Activity

In related news, VP Eugene Stark acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of $24.00 per share, for a total transaction of $120,000.00. Following the completion of the acquisition, the vice president directly owned 17,000 shares in the company, valued at $408,000. The trade was a 41.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Grassi acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was bought at an average cost of $23.08 per share, with a total value of $46,160.00. Following the completion of the transaction, the insider directly owned 3,100 shares in the company, valued at $71,548. The trade was a 181.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 15,000 shares of company stock worth $350,950 over the last 90 days. 7.93% of the stock is currently owned by corporate insiders.

General American Investors Company Profile