General American Investors (NYSE:GAM) Sees Large Volume Increase

Shares of General American Investors Company, Inc. (NYSE:GAM) saw an uptick in trading volume on Monday . 9,080 shares traded hands during trading, a decline of 55% from the previous session’s volume of 20,111 shares.The stock last traded at $45.94 and had previously closed at $45.43.

General American Investors Trading Up 0.5 %

The stock’s fifty day simple moving average is $45.38 and its two-hundred day simple moving average is $43.19.

Insiders Place Their Bets

In other General American Investors news, VP Eugene S. Stark bought 2,500 shares of General American Investors stock in a transaction on Wednesday, April 10th. The shares were purchased at an average cost of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $250,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Jeffrey W. Priest acquired 4,000 shares of General American Investors stock in a transaction dated Wednesday, April 3rd. The shares were bought at an average cost of $25.09 per share, with a total value of $100,360.00. Following the purchase, the chief executive officer now owns 7,200 shares in the company, valued at approximately $180,648. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eugene S. Stark acquired 2,500 shares of General American Investors stock in a transaction dated Wednesday, April 10th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the purchase, the vice president now owns 10,000 shares in the company, valued at approximately $250,000. The disclosure for this purchase can be found here. Insiders have acquired 7,630 shares of company stock valued at $207,312 in the last ninety days. 8.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General American Investors

A number of institutional investors have recently modified their holdings of GAM. Pathstone Holdings LLC bought a new stake in shares of General American Investors in the 4th quarter valued at $10,590,000. Allspring Global Investments Holdings LLC lifted its position in shares of General American Investors by 22.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 692,546 shares of the investment management company’s stock valued at $29,745,000 after acquiring an additional 125,281 shares during the period. Advisor Partners II LLC acquired a new position in shares of General American Investors during the 3rd quarter valued at $2,951,000. AQR Arbitrage LLC lifted its position in shares of General American Investors by 185.1% during the 3rd quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company’s stock valued at $2,455,000 after acquiring an additional 38,752 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of General American Investors by 185.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 42,811 shares of the investment management company’s stock valued at $1,449,000 after acquiring an additional 27,794 shares during the period. 36.85% of the stock is owned by institutional investors.

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.