General American Investors (NYSE:GAM) Stock Crosses Above 50-Day Moving Average of $41.76

Shares of General American Investors Company, Inc. (NYSE:GAM) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $41.76 and traded as high as $41.87. General American Investors shares last traded at $41.79, with a volume of 5,577 shares.

General American Investors Stock Performance

The company’s 50 day moving average price is $41.76 and its 200-day moving average price is $40.23.

Insider Transactions at General American Investors

In related news, CEO Jeffrey W. Priest acquired 3,381 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was bought at an average cost of $25.01 per share, with a total value of $84,558.81. Following the acquisition, the chief executive officer now owns 19,502 shares of the company’s stock, valued at approximately $487,745.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have bought 4,143 shares of company stock valued at $115,732. 8.25% of the stock is currently owned by company insiders.

Institutional Trading of General American Investors

Several hedge funds have recently added to or reduced their stakes in GAM. Atlas Wealth LLC bought a new stake in General American Investors in the fourth quarter worth $13,852,000. Almitas Capital LLC increased its position in shares of General American Investors by 185.8% in the fourth quarter. Almitas Capital LLC now owns 83,198 shares of the investment management company’s stock valued at $3,008,000 after acquiring an additional 54,088 shares during the period. Commonwealth Equity Services LLC increased its position in shares of General American Investors by 185.1% in the third quarter. Commonwealth Equity Services LLC now owns 42,811 shares of the investment management company’s stock valued at $1,449,000 after acquiring an additional 27,794 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of General American Investors by 4.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 547,390 shares of the investment management company’s stock valued at $21,299,000 after acquiring an additional 25,800 shares during the period. Finally, Epoch Investment Partners Inc. purchased a new position in shares of General American Investors during the second quarter valued at about $853,000. 23.71% of the stock is 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.