Insider Selling: General American Investors Company, Inc. (NYSE:GAM) Director Sells 6,397 Shares of Stock

General American Investors Company, Inc. (NYSE:GAM) Director Arthur G. Altschul, Jr. sold 6,397 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $24.63, for a total transaction of $157,558.11. Following the sale, the director now directly owns 26,400 shares of the company’s stock, valued at $650,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

General American Investors Stock Performance

NYSE GAM remained flat at $48.55 during trading on Thursday. 4,854 shares of the company were exchanged, compared to its average volume of 21,490. The firm’s fifty day moving average is $46.31 and its 200-day moving average is $44.19. General American Investors Company, Inc. has a 52-week low of $39.12 and a 52-week high of $49.38.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cornerstone Advisors LLC boosted its holdings in shares of General American Investors by 6.4% in the first quarter. Cornerstone Advisors LLC now owns 354,108 shares of the investment management company’s stock valued at $16,470,000 after buying an additional 21,190 shares during the period. BNP Paribas acquired a new position in General American Investors during the first quarter worth $35,000. Matisse Capital acquired a new position in General American Investors during the first quarter worth $247,000. Allspring Global Investments Holdings LLC boosted its holdings in General American Investors by 5.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock worth $33,972,000 after purchasing an additional 37,871 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in General American Investors by 3.2% during the first quarter. Blue Bell Private Wealth Management LLC now owns 651,080 shares of the investment management company’s stock worth $30,282,000 after purchasing an additional 20,346 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Company Profile

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.