General American Investors (NYSE:GAM) Stock Price Crosses Above 50 Day Moving Average of $35.79

General American Investors Company Inc (NYSE:GAM) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $35.79 and traded as high as $36.47. General American Investors shares last traded at $36.47, with a volume of 10,231 shares changing hands.

The firm has a 50 day moving average price of $35.79 and a 200-day moving average price of $34.97.

In other news, Director Rodney B. Berens sold 1,085 shares of General American Investors stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.72, for a total value of $39,841.20. Following the completion of the transaction, the director now owns 4,900 shares in the company, valued at approximately $179,928. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.04% of the company’s stock.



Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its stake in General American Investors by 305.2% during the second quarter. Rockefeller Capital Management L.P. now owns 863 shares of the investment management company’s stock worth $31,000 after purchasing an additional 650 shares during the last quarter. Charter Trust Co. purchased a new stake in General American Investors during the first quarter worth approximately $230,000. Walleye Trading Advisors LLC purchased a new stake in General American Investors during the second quarter worth approximately $266,000. City of London Investment Management Co. Ltd. purchased a new stake in General American Investors during the second quarter worth approximately $294,000. Finally, Envestnet Asset Management Inc. lifted its stake in General American Investors by 11.1% during the second quarter. Envestnet Asset Management Inc. now owns 8,469 shares of the investment management company’s stock worth $301,000 after purchasing an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

General American Investors Company Profile (NYSE:GAM)

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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