General American Investors (NYSE:GAM) Hits New 1-Year High at $52.85

Shares of General American Investors Company, Inc. (NYSE:GAM) reached a new 52-week high during trading on Thursday . The company traded as high as $52.85 and last traded at $52.60, with a volume of 15310 shares trading hands. The stock had previously closed at $52.10.

General American Investors Stock Performance

The firm’s 50 day moving average is $50.76 and its 200 day moving average is $47.95.

Insider Activity

In other General American Investors news, VP Eugene S. Stark bought 1,973 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were acquired at an average cost of $24.76 per share, for a total transaction of $48,851.48. Following the purchase, the vice president now directly owns 12,000 shares of the company’s stock, valued at $297,120. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 8.30% of the company’s stock.

Institutional Investors Weigh In On General American Investors

A number of large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in General American Investors by 122.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock worth $34,000 after buying an additional 378 shares in the last quarter. BNP Paribas bought a new stake in shares of General American Investors in the 1st quarter valued at about $35,000. Integrated Capital Management Inc. purchased a new stake in General American Investors during the 2nd quarter valued at about $206,000. Matisse Capital bought a new position in General American Investors during the 1st quarter worth approximately $247,000. Finally, Cetera Advisors LLC bought a new stake in General American Investors in the first quarter valued at approximately $343,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

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.