Eugene S. Stark Purchases 1,973 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) VP Eugene S. Stark acquired 1,973 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $24.76 per share, with a total value of $48,851.48. Following the completion of the acquisition, the vice president now owns 12,000 shares in the company, valued at $297,120. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

General American Investors Price Performance

Shares of GAM stock opened at $49.32 on Tuesday. General American Investors Company, Inc. has a 1-year low of $39.12 and a 1-year high of $49.49. The firm has a fifty day moving average of $47.20 and a two-hundred day moving average of $45.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of General American Investors by 5.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock valued at $33,972,000 after buying an additional 37,871 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of General American Investors by 3.2% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 651,080 shares of the investment management company’s stock valued at $30,282,000 after buying an additional 20,346 shares during the period. Cornerstone Advisors LLC boosted its holdings in shares of General American Investors by 6.4% in the 1st quarter. Cornerstone Advisors LLC now owns 354,108 shares of the investment management company’s stock valued at $16,470,000 after buying an additional 21,190 shares during the period. Almitas Capital LLC boosted its holdings in shares of General American Investors by 8.7% in the 3rd quarter. Almitas Capital LLC now owns 119,406 shares of the investment management company’s stock valued at $4,663,000 after buying an additional 9,542 shares during the period. Finally, Levin Capital Strategies L.P. boosted its holdings in shares of General American Investors by 1.6% in the 4th quarter. Levin Capital Strategies L.P. now owns 104,858 shares of the investment management company’s stock valued at $4,504,000 after buying an additional 1,683 shares during the period. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.