General American Investors (NYSE:GAM) VP Eugene Stark Purchases 6,151 Shares

Key Points

• Eugene Stark, VP, purchased 6,151 shares on April 8 at an average price of $24.86 (total $152,913.86), increasing his stake by 22.09% to 34,000 shares valued at $845,240.
• NYSE:GAM shares traded up 2.6% to $60.95 on Wednesday with 20,594 shares exchanged, trading near its 50- and 200-day moving averages ($60.40 and $60.59) and within a 1‑year range of $44.40–$64.40.
• Institutional investors own 36.85% of the company, with Q4 activity including Saba Capital raising its stake to 2,085,885 shares (about $122.5M) and several firms initiating new positions.

General American Investors, Inc. (NYSE:GAM - Get Free Report) VP Eugene Stark purchased 6,151 shares of the firm's stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of $24.86 per share, with a total value of $152,913.86. Following the purchase, the vice president owned 34,000 shares in the company, valued at $845,240. This trade represents a 22.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

General American Investors Stock Up 2.6%

NYSE:GAM traded up $1.57 during trading hours on Wednesday, reaching $60.95. 20,594 shares of the company's stock were exchanged, compared to its average volume of 33,559. The company has a 50-day moving average of $60.40 and a 200 day moving average of $60.59. General American Investors, Inc. has a 1-year low of $44.40 and a 1-year high of $64.40.

Institutional Trading of General American Investors

A number of large investors have recently bought and sold shares of the business. Cornerstone Planning LLC acquired a new stake in General American Investors during the 4th quarter worth $419,000. Virtu Financial LLC acquired a new stake in shares of General American Investors in the 4th quarter worth $217,000. Birchwood Financial Partners Inc. acquired a new stake in shares of General American Investors in the 4th quarter worth $54,000. XTX Topco Ltd acquired a new stake in shares of General American Investors in the 4th quarter worth $267,000. Finally, Saba Capital Management L.P. lifted its stake in shares of General American Investors by 2.2% in the 4th quarter. Saba Capital Management L.P. now owns 2,085,885 shares of the investment management company's stock worth $122,504,000 after acquiring an additional 44,324 shares during the period. Institutional investors and hedge funds own 36.85% of the company's stock.

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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