Waller Financial Planning Group Inc. Acquires New Position in General American Investors, Inc. $GAM

Key Points

• Waller Financial Planning Group initiated a new stake in General American Investors (NYSE:GAM), buying 19,563 shares valued at about $1.15 million and owning roughly 0.08% of the company.
• Company insiders purchased a total of 9,870 shares (~$246,518) in the last quarter—including 4,000 shares by VP Eugene S. Stark and 1,700 by Anang K. Majmudar—bringing insider ownership to 7.93%.
• GAM shares opened at $58.39, trading in a one-year range of $41.80–$64.40, with 50- and 200-day moving averages near $60.7.

Waller Financial Planning Group Inc. acquired a new stake in General American Investors, Inc. (NYSE:GAM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,563 shares of the investment management company's stock, valued at approximately $1,149,000. Waller Financial Planning Group Inc. owned approximately 0.08% of General American Investors at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of General American Investors by 38.3% during the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company's stock worth $9,871,000 after buying an additional 54,223 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in General American Investors by 3.4% during the second quarter. Advisors Asset Management Inc. now owns 80,706 shares of the investment management company's stock worth $4,523,000 after acquiring an additional 2,676 shares during the period. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in General American Investors during the second quarter worth $222,000. Raymond James Financial Inc. raised its position in General American Investors by 2.2% in the second quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company's stock worth $1,441,000 after acquiring an additional 550 shares in the last quarter. Finally, Bank of America Corp DE raised its position in General American Investors by 34.2% in 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 acquiring an additional 10,607 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.

General American Investors Price Performance

General American Investors stock opened at $58.39 on Friday. General American Investors, Inc. has a one year low of $41.80 and a one year high of $64.40. The business has a fifty day moving average of $60.72 and a two-hundred day moving average of $60.75.

Insider Transactions at General American Investors

In related news, VP Eugene S. Stark acquired 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average price of $24.98 per share, with a total value of $99,920.00. Following the completion of the acquisition, the vice president owned 24,000 shares in the company, valued at approximately $599,520. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anang K. Majmudar bought 1,700 shares of the company's stock in a transaction on Tuesday, February 3rd. The stock was bought at an average cost of $25.00 per share, with a total value of $42,500.00. Following the completion of the acquisition, the insider owned 9,405 shares of the company's stock, valued at $235,125. This represents a 22.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 9,870 shares of company stock valued at $246,518 in the last quarter. Insiders own 7.93% of the company's stock.

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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