General American Investors (NYSE:GAM) Insider Buys $24,810.00 in Stock

General American Investors, Inc. (NYSE:GAM) insider Anang Majmudar purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of $24.81 per share, for a total transaction of $24,810.00. Following the completion of the transaction, the insider directly owned 11,500 shares in the company, valued at $285,315. This trade represents a 9.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

General American Investors Trading Down 0.1%

Shares of NYSE:GAM opened at $63.79 on Monday. The firm’s 50 day simple moving average is $60.63 and its 200 day simple moving average is $60.62. General American Investors, Inc. has a fifty-two week low of $47.49 and a fifty-two week high of $64.42.

Institutional Trading of General American Investors

A number of hedge funds have recently modified their holdings of the company. Cornerstone Planning LLC acquired a new stake in shares of General American Investors in the 4th quarter valued at approximately $419,000. Virtu Financial LLC acquired a new stake in shares of General American Investors in the 4th quarter valued at approximately $217,000. Birchwood Financial Partners Inc. acquired a new stake in shares of General American Investors in the 4th quarter valued at approximately $54,000. XTX Topco Ltd acquired a new stake in shares of General American Investors in the 4th quarter valued at approximately $267,000. Finally, Saba Capital Management L.P. raised its position in shares of General American Investors by 2.2% in the 4th quarter. Saba Capital Management L.P. now owns 2,085,885 shares of the investment management company’s stock valued at $122,504,000 after acquiring an additional 44,324 shares during the period. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.