Eugene S. Stark Purchases 1,973 Shares of General American Investors Company, Inc. (NYSE:GAM) Stock

General American Investors Company, Inc. (NYSE:GAM) VP Eugene S. Stark acquired 1,973 shares of General American Investors stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of $24.76 per share, with a total value of $48,851.48. Following the completion of the acquisition, the vice president now directly owns 12,000 shares in the company, valued at approximately $297,120. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

General American Investors Price Performance

NYSE:GAM opened at $49.30 on Wednesday. General American Investors Company, Inc. has a 12-month low of $39.12 and a 12-month high of $49.49. The firm has a 50-day moving average price of $47.26 and a 200 day moving average price of $45.15.

Institutional Investors Weigh In On General American Investors

Several large investors have recently modified their holdings of the stock. BNP Paribas acquired a new stake in General American Investors in the 1st quarter valued at $35,000. Matisse Capital bought a new position in shares of General American Investors during the first quarter valued at $247,000. Stolper Co boosted its stake in shares of General American Investors by 5.0% in the 4th quarter. Stolper Co now owns 5,779 shares of the investment management company’s stock valued at $248,000 after purchasing an additional 275 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of General American Investors by 6.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,892 shares of the investment management company’s stock worth $284,000 after purchasing an additional 440 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of General American Investors during the 1st quarter worth about $343,000. 36.85% of the stock is currently owned by institutional investors.

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.