Jeffrey W. Priest Purchases 300 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAMGet Rating) CEO Jeffrey W. Priest bought 300 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of $35.56 per share, with a total value of $10,668.00. Following the transaction, the chief executive officer now owns 96,796 shares of the company’s stock, valued at $3,442,065.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

GAM stock opened at $33.95 on Friday. General American Investors Company, Inc. has a twelve month low of $33.91 and a twelve month high of $46.75. The business has a fifty day moving average of $38.36 and a 200-day moving average of $40.71.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of General American Investors by 6.9% during the first quarter. Bank of America Corp DE now owns 181,198 shares of the investment management company’s stock worth $7,695,000 after acquiring an additional 11,630 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of General American Investors by 6.6% during the first quarter. Guggenheim Capital LLC now owns 13,901 shares of the investment management company’s stock worth $590,000 after purchasing an additional 862 shares during the period. 1607 Capital Partners LLC grew its stake in shares of General American Investors by 6.0% during the first quarter. 1607 Capital Partners LLC now owns 894,253 shares of the investment management company’s stock worth $37,979,000 after purchasing an additional 50,702 shares during the period. Cohen & Steers Inc. grew its stake in shares of General American Investors by 19.8% during the first quarter. Cohen & Steers Inc. now owns 64,361 shares of the investment management company’s stock worth $2,733,000 after purchasing an additional 10,637 shares during the period. Finally, UBS Group AG grew its stake in shares of General American Investors by 88.4% during the first quarter. UBS Group AG now owns 18,949 shares of the investment management company’s stock worth $805,000 after purchasing an additional 8,892 shares during the period. Institutional investors own 27.29% of the company’s stock.

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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