Allspring Global Investments Holdings LLC Trims Stock Position in General American Investors, Inc. (NYSE:GAM)

Allspring Global Investments Holdings LLC trimmed its position in shares of General American Investors, Inc. (NYSE:GAM - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,257 shares of the investment management company's stock after selling 34,155 shares during the period. Allspring Global Investments Holdings LLC's holdings in General American Investors were worth $16,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after purchasing an additional 197 shares during the period. Tompkins Financial Corp bought a new position in shares of General American Investors in the 1st quarter worth $232,000. Tyler Stone Wealth Management lifted its stake in shares of General American Investors by 8.5% during the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock worth $249,000 after purchasing an additional 384 shares during the last quarter. First Manhattan CO. LLC. boosted its position in General American Investors by 8.4% during the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock valued at $285,000 after purchasing an additional 434 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in General American Investors by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,745 shares of the investment management company's stock valued at $293,000 after purchasing an additional 1,418 shares during the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.

General American Investors Stock Performance

General American Investors stock traded up $0.42 during trading hours on Friday, reaching $56.62. The stock had a trading volume of 5,576 shares, compared to its average volume of 28,585. The business's 50 day moving average price is $53.78 and its 200-day moving average price is $51.87. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $57.09.

Insider Transactions at General American Investors

In related news, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total transaction of $49,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Priest acquired 1,141 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $24.75 per share, with a total value of $28,239.75. Following the completion of the transaction, the chief executive officer directly owned 18,268 shares in the company, valued at $452,133. The trade was a 6.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 2,496 shares of company stock valued at $61,780 in the last 90 days. Insiders own 8.33% of the company's stock.

General American Investors 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.