General American Investors Company, Inc. (NYSE:GAM) VP Purchases $62,500.00 in Stock

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) VP Eugene S. Stark purchased 2,500 shares of the company's stock in a transaction dated Wednesday, April 10th. The shares were purchased at an average cost of $25.00 per share, for a total transaction of $62,500.00. Following the transaction, the vice president now directly owns 10,000 shares in the company, valued at approximately $250,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

General American Investors Price Performance

Shares of GAM traded down $0.31 during midday trading on Wednesday, reaching $45.97. 30,939 shares of the stock were exchanged, compared to its average volume of 20,111. General American Investors Company, Inc. has a 52 week low of $38.40 and a 52 week high of $46.81. The company's 50 day moving average is $45.24 and its two-hundred day moving average is $43.03.

Hedge Funds Weigh In On General American Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in GAM. Royal Bank of Canada boosted its position in General American Investors by 11.8% during the fourth quarter. Royal Bank of Canada now owns 132,245 shares of the investment management company's stock valued at $5,680,000 after purchasing an additional 13,973 shares in the last quarter. Pathstone Holdings LLC bought a new stake in General American Investors during the fourth quarter valued at about $10,590,000. Epoch Investment Partners Inc. boosted its position in General American Investors by 111.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 43,251 shares of the investment management company's stock valued at $1,858,000 after purchasing an additional 22,813 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in General American Investors by 22.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 36,477 shares of the investment management company's stock valued at $1,567,000 after purchasing an additional 6,743 shares in the last quarter. Finally, Cornerstone Advisors LLC boosted its position in General American Investors by 7.6% during the fourth quarter. Cornerstone Advisors LLC now owns 332,918 shares of the investment management company's stock valued at $14,299,000 after purchasing an additional 23,531 shares in 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.

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