General American Investors, Inc. (NYSE:GAM) VP Purchases $10,074.84 in Stock

Key Points

• Eugene S. Stark, VP of General American Investors, purchased 177 shares of the company at an average price of $56.92, increasing his total holdings to 10,000 shares, worth approximately $569,200.
• General American Investors' shares recently traded at $56.87, with a 52-week high of $58.19 and a low of $41.80.
• Institutional investors, including CWM LLC and Grimes & Company Inc., have significantly increased their holdings in General American Investors, with institutional ownership now at 36.85%.

General American Investors, Inc. (NYSE:GAM - Get Free Report) VP Eugene S. Stark acquired 177 shares of the company's stock in a transaction on Wednesday, July 30th. The shares were purchased at an average cost of $56.92 per share, with a total value of $10,074.84. Following the completion of the acquisition, the vice president directly owned 10,000 shares in the company, valued at approximately $569,200. The trade was a 1.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

General American Investors Price Performance

Shares of GAM traded down $0.57 on Friday, hitting $56.60. The company's stock had a trading volume of 23,742 shares, compared to its average volume of 23,292. The firm's fifty day moving average price is $55.71 and its 200-day moving average price is $52.68. General American Investors, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $58.19.

Hedge Funds Weigh In On General American Investors

A number of large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in General American Investors by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock valued at $535,000 after purchasing an additional 301 shares during the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of 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 worth $285,000 after buying an additional 434 shares in the last quarter. CWM LLC lifted its holdings in shares of General American Investors by 119.8% during the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock worth $67,000 after buying an additional 720 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its holdings in shares of General American Investors by 4.4% during the second quarter. Mraz Amerine & Associates Inc. now owns 23,679 shares of the investment management company's stock worth $1,327,000 after buying an additional 1,000 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of General American Investors by 3.0% during the fourth quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock worth $1,848,000 after buying an additional 1,051 shares in the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.

About General American Investors

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.