Neville Rodie & Shaw Inc. Grows Holdings in General American Investors, Inc. $GAM

Key Points

• Neville Rodie & Shaw Inc. increased its stake in General American Investors by 999.4% in Q4 to 294,147 shares, representing roughly 1.25% of GAM and valued at about $17.28 million.
• Insiders bought stock: VP Eugene S. Stark purchased 3,000 shares at $24.95 and Anang K. Majmudar bought 1,095 shares at $25.00; insiders acquired 9,859 shares totaling $246,244 over the past three months and now own 7.93% of the company.
• Multiple institutional investors also boosted positions (e.g., Allspring, RBC, Advisors Asset, BofA), and about 36.85% of GAM is held by hedge funds and other institutional owners.

Neville Rodie & Shaw Inc. grew its position in General American Investors, Inc. (NYSE:GAM - Free Report) by 999.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,147 shares of the investment management company's stock after acquiring an additional 267,392 shares during the period. General American Investors comprises approximately 1.2% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 24th biggest position. Neville Rodie & Shaw Inc. owned approximately 1.25% of General American Investors worth $17,275,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of General American Investors by 8.2% in the 3rd 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 in the last quarter. Royal Bank of Canada raised its holdings in General American Investors by 38.3% in the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company's stock worth $9,871,000 after purchasing an additional 54,223 shares during the period. Advisors Asset Management Inc. boosted its position 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 in the last quarter. Bank of America Corp DE boosted its position in General American Investors by 34.2% during the second quarter. Bank of America Corp DE now owns 41,648 shares of the investment management company's stock worth $2,334,000 after purchasing an additional 10,607 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in General American Investors by 2.1% in the third quarter. First Trust Advisors LP now owns 36,975 shares of the investment management company's stock valued at $2,300,000 after purchasing an additional 756 shares during the period. 36.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Eugene S. Stark purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $24.95 per share, with a total value of $74,850.00. Following the acquisition, the vice president owned 27,000 shares in the company, valued at $673,650. The trade was a 12.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anang K. Majmudar purchased 1,095 shares of the business's stock in a transaction that occurred on Wednesday, February 4th. The stock was bought at an average cost of $25.00 per share, with a total value of $27,375.00. Following the acquisition, the insider owned 10,500 shares in the company, valued at $262,500. This represents a 11.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 9,859 shares of company stock worth $246,244 in the last three months. 7.93% of the stock is owned by corporate insiders.

General American Investors Stock Performance

General American Investors stock opened at $59.74 on Friday. The business has a 50 day simple moving average of $60.83 and a 200-day simple moving average of $60.78. General American Investors, Inc. has a 12 month low of $41.80 and a 12 month high of $64.40.

General American Investors Company Profile

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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