Jeffrey W. Priest Purchases 300 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock
General American Investors Company, Inc. (NYSE:GAM – Get Rating) CEO Jeffrey W. Priest acquired 300 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average cost of $35.56 per share, with a total value of $10,668.00. Following the completion of the acquisition, the chief executive officer now owns 96,796 shares in the company, valued at approximately $3,442,065.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:GAM traded up $0.43 during trading hours on Wednesday, hitting $35.31. The stock had a trading volume of 47,506 shares, compared to its average volume of 32,352. The company has a 50 day simple moving average of $38.65 and a two-hundred day simple moving average of $40.81. General American Investors Company, Inc. has a one year low of $34.79 and a one year high of $46.75.
Several institutional investors have recently bought and sold shares of GAM. Allspring Global Investments Holdings LLC purchased a new stake in shares of General American Investors during the 4th quarter valued at $4,592,000. Shaker Financial Services LLC raised its position in shares of General American Investors by 75.3% during the 1st quarter. Shaker Financial Services LLC now owns 192,403 shares of the investment management company’s stock valued at $8,171,000 after buying an additional 82,667 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of General American Investors by 12.8% during the 4th quarter. Parametric Portfolio Associates LLC now owns 467,386 shares of the investment management company’s stock valued at $20,658,000 after buying an additional 52,933 shares in the last quarter. 1607 Capital Partners LLC raised its position in shares of General American Investors by 6.0% during the 1st quarter. 1607 Capital Partners LLC now owns 894,253 shares of the investment management company’s stock valued at $37,979,000 after buying an additional 50,702 shares in the last quarter. Finally, Logan Stone Capital LLC purchased a new stake in shares of General American Investors during the 4th quarter valued at $2,000,000. Hedge funds and other institutional investors own 27.29% of the company’s stock.
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About General American Investors (Get Rating)
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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