Allspring Global Investments Holdings LLC Increases Stock Holdings in General American Investors Company, Inc. (NYSE:GAM)

Allspring Global Investments Holdings LLC lifted its stake in shares of General American Investors Company, Inc. (NYSE:GAM - Free Report) by 22.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 692,546 shares of the investment management company's stock after buying an additional 125,281 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.89% of General American Investors worth $29,745,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Stolper Co increased its holdings in General American Investors by 5.0% in the 4th quarter. Stolper Co now owns 5,779 shares of the investment management company's stock worth $248,000 after buying an additional 275 shares during the period. Walleye Capital LLC increased its stake in shares of General American Investors by 58.1% in the third quarter. Walleye Capital LLC now owns 17,055 shares of the investment management company's stock worth $702,000 after acquiring an additional 6,266 shares during the period. Almitas Capital LLC raised its holdings in shares of General American Investors by 8.7% during the third quarter. Almitas Capital LLC now owns 119,406 shares of the investment management company's stock worth $4,663,000 after purchasing an additional 9,542 shares during the last quarter. Royal Bank of Canada lifted its position in General American Investors by 9.9% during the third quarter. Royal Bank of Canada now owns 118,272 shares of the investment management company's stock valued at $4,866,000 after purchasing an additional 10,620 shares during the period. Finally, AQR Arbitrage LLC boosted its holdings in General American Investors by 185.1% in the third quarter. AQR Arbitrage LLC now owns 59,684 shares of the investment management company's stock valued at $2,455,000 after purchasing an additional 38,752 shares during the last quarter. 36.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General American Investors

In other news, VP Eugene S. Stark bought 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 10th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $62,500.00. Following the purchase, the vice president now directly owns 10,000 shares in the company, valued at approximately $250,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the stock in a transaction on Wednesday, April 10th. The shares were bought at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president now owns 10,000 shares of the company's stock, valued at approximately $250,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey W. Priest bought 4,000 shares of General American Investors stock in a transaction dated Wednesday, April 3rd. The shares were acquired at an average cost of $25.09 per share, with a total value of $100,360.00. Following the completion of the purchase, the chief executive officer now owns 7,200 shares in the company, valued at $180,648. The disclosure for this purchase can be found here. Insiders have bought 7,630 shares of company stock valued at $207,312 in the last 90 days. 8.30% of the stock is currently owned by company insiders.

General American Investors Stock Down 1.7 %

Shares of GAM traded down $0.78 during mid-day trading on Friday, reaching $45.43. The company had a trading volume of 26,118 shares, compared to its average volume of 16,691. The stock has a 50 day moving average of $45.35 and a two-hundred day moving average of $43.11. General American Investors Company, Inc. has a 52-week low of $38.40 and a 52-week high of $46.81.

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.