Eugene S. Stark Purchases 177 Shares of General American Investors, Inc. (NYSE:GAM) 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 purchased 177 shares of the stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $56.92 per share, for a total transaction of $10,074.84. Following the completion of the transaction, the vice president owned 10,000 shares of the company's stock, valued at $569,200. The trade was a 1.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

General American Investors Stock Down 1.0%

GAM stock traded down $0.57 during trading on Friday, reaching $56.60. 23,742 shares of the stock were exchanged, compared to its average volume of 23,292. General American Investors, Inc. has a twelve month low of $41.80 and a twelve month high of $58.19. The stock has a 50 day simple moving average of $55.71 and a 200-day simple moving average of $52.69.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of General American Investors by 119.8% in the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock valued at $67,000 after acquiring an additional 720 shares during the last quarter. Grimes & Company Inc. bought a new position in shares of General American Investors in the second quarter valued at approximately $202,000. Tompkins Financial Corp bought a new position in shares of General American Investors in the first quarter valued at approximately $232,000. First Manhattan CO. LLC. raised its stake in shares of General American Investors by 8.4% in the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock valued at $285,000 after acquiring an additional 434 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of 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 acquiring an additional 1,418 shares during the last quarter. Institutional investors own 36.85% of the company's stock.

General American Investors Company 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.