Insider Buying: General American Investors Co. Inc. (GAM) CEO Purchases 1,500 Shares of Stock

General American Investors Co. Inc. (NYSE:GAM) CEO Jeffrey W. Priest bought 1,500 shares of the business’s stock in a transaction on Monday, October 29th. The shares were acquired at an average price of $33.04 per share, with a total value of $49,560.00. Following the transaction, the chief executive officer now owns 80,726 shares of the company’s stock, valued at approximately $2,667,187.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

GAM traded down $0.23 during midday trading on Monday, reaching $33.06. 58,100 shares of the company’s stock were exchanged, compared to its average volume of 42,267. General American Investors Co. Inc. has a 1-year low of $32.20 and a 1-year high of $37.33.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Beck Mack & Oliver LLC acquired a new position in General American Investors during the third quarter worth about $200,000. Raymond James & Associates raised its position in General American Investors by 1.5% during the second quarter. Raymond James & Associates now owns 509,341 shares of the investment management company’s stock worth $17,481,000 after acquiring an additional 7,632 shares during the last quarter. SG Americas Securities LLC acquired a new position in General American Investors during the second quarter worth about $324,000. Shaker Financial Services LLC raised its position in General American Investors by 40.7% during the second quarter. Shaker Financial Services LLC now owns 285,206 shares of the investment management company’s stock worth $9,788,000 after acquiring an additional 82,551 shares during the last quarter. Finally, First Trust Advisors LP raised its position in General American Investors by 12.6% during the second quarter. First Trust Advisors LP now owns 71,173 shares of the investment management company’s stock worth $2,443,000 after acquiring an additional 7,985 shares during the last quarter. Institutional investors own 23.64% of the company’s stock.



About General American Investors

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets. It invests in growth stocks of companies. The firm employs fundamental analysis with a bottom-up stock picking approach to make its investments. General American Investors Company, Inc was founded in 1927 and is based in New York, New York.

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Insider Buying and Selling by Quarter for General American Investors (NYSE:GAM)

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