General American Investors (NYSE:GAM) Hits New 52-Week High at $47.86

General American Investors Company, Inc. (NYSE:GAM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.86 and last traded at $47.86, with a volume of 1262 shares traded. The stock had previously closed at $47.61.

General American Investors Trading Down 0.2 %

The firm has a fifty day simple moving average of $45.79 and a 200-day simple moving average of $43.79.

Insider Activity at General American Investors

In other news, CEO Jeffrey W. Priest acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was acquired at an average price of $25.09 per share, for a total transaction of $100,360.00. Following the transaction, the chief executive officer now directly owns 7,200 shares in the company, valued at $180,648. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jeffrey W. Priest bought 4,000 shares of the stock in a transaction on Wednesday, April 3rd. The stock was purchased at an average price of $25.09 per share, for a total transaction of $100,360.00. Following the acquisition, the chief executive officer now owns 7,200 shares in the company, valued at $180,648. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Eugene S. Stark bought 2,500 shares of the stock in a transaction on Wednesday, April 10th. The shares were purchased at an average price of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now owns 10,000 shares in the company, valued at approximately $250,000. The disclosure for this purchase can be found here. Insiders bought a total of 7,230 shares of company stock worth $190,216 in the last quarter. Corporate insiders own 8.30% of the company's stock.

Hedge Funds Weigh In On General American Investors

A number of large investors have recently modified their holdings of GAM. Allspring Global Investments Holdings LLC boosted its stake in shares of General American Investors by 22.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 692,546 shares of the investment management company's stock worth $29,745,000 after buying an additional 125,281 shares during the last quarter. AQR Arbitrage LLC boosted its stake in shares of General American Investors by 185.1% during the 3rd quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company's stock worth $2,455,000 after buying an additional 38,752 shares during the last quarter. Cornerstone Advisors LLC boosted its stake in shares of General American Investors by 7.6% during the 4th quarter. Cornerstone Advisors LLC now owns 332,918 shares of the investment management company's stock worth $14,299,000 after buying an additional 23,531 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of General American Investors by 111.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 43,251 shares of the investment management company's stock worth $1,858,000 after buying an additional 22,813 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of General American Investors by 3.2% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 651,080 shares of the investment management company's stock worth $30,282,000 after buying an additional 20,346 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.