General American Investors, Inc. $GAM Shares Sold by 1607 Capital Partners LLC

Key Points

• 1607 Capital Partners cut its stake in General American Investors by 6.3% in Q3, selling 19,235 shares and now holds 285,993 shares valued at about $17.79 million.
• Insiders have been buyers: company insiders (including Anang K. Majmudar and VP Eugene S. Stark) acquired a total of 6,859 shares worth $171,394 over the past 90 days, bringing insider ownership to 7.93%.
• Market and ownership snapshot: GAM opened at $58.95, with a 52‑week range of $41.80–$64.40 and 50/200‑day SMAs near $60.8, while institutional investors own 36.85% of the stock.

1607 Capital Partners LLC decreased its position in shares of General American Investors, Inc. (NYSE:GAM - Free Report) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,993 shares of the investment management company's stock after selling 19,235 shares during the quarter. General American Investors accounts for about 1.3% of 1607 Capital Partners LLC's holdings, making the stock its 19th biggest position. 1607 Capital Partners LLC owned about 1.22% of General American Investors worth $17,792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in General American Investors by 20.7% during the third quarter. Advisors Asset Management Inc. now owns 97,440 shares of the investment management company's stock worth $6,062,000 after purchasing an additional 16,734 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in General American Investors by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company's stock valued at $24,748,000 after purchasing an additional 30,217 shares during the last quarter. King Luther Capital Management Corp acquired a new stake in General American Investors in the third quarter valued at $1,438,000. Envestnet Asset Management Inc. increased its position in shares of General American Investors by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 34,381 shares of the investment management company's stock valued at $1,927,000 after buying an additional 2,810 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of General American Investors in the second quarter valued at $203,000. Institutional investors and hedge funds own 36.85% of the company's stock.

General American Investors Stock Down 1.2%

NYSE:GAM opened at $58.95 on Friday. General American Investors, Inc. has a 52-week low of $41.80 and a 52-week high of $64.40. The stock has a fifty day simple moving average of $60.82 and a 200-day simple moving average of $60.79.

Insider Activity

In other General American Investors news, insider Anang K. Majmudar bought 1,700 shares of the company's stock in a transaction on Tuesday, February 3rd. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $42,500.00. Following the acquisition, the insider owned 9,405 shares of the company's stock, valued at $235,125. The trade was a 22.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Eugene S. Stark bought 4,000 shares of the business's stock in a transaction on Tuesday, January 13th. The shares were acquired at an average price of $24.98 per share, with a total value of $99,920.00. Following the transaction, the vice president owned 24,000 shares of the company's stock, valued at $599,520. The trade was a 20.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 6,859 shares of company stock valued at $171,394 over the last 90 days. 7.93% of the stock is currently owned by insiders.

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.

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