General American Investors (NYSE:GAM) Reaches New 52-Week High at $46.52

General American Investors Company, Inc. (NYSE:GAM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $46.52 and last traded at $46.42, with a volume of 338 shares changing hands. The stock had previously closed at $46.38.

General American Investors Trading Up 0.3 %

The business’s 50-day moving average price is $44.70 and its two-hundred day moving average price is $42.72.

Insider Buying and Selling at General American Investors

In related news, CEO Jeffrey W. Priest acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average cost of $42.19 per share, for a total transaction of $42,190.00. Following the completion of the acquisition, the chief executive officer now directly owns 95,616 shares in the company, valued at approximately $4,034,039.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 1,830 shares of company stock valued at $79,148. 8.30% of the stock is currently owned by corporate insiders.

Institutional Trading of General American Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in General American Investors in the third quarter valued at approximately $35,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of General American Investors during the 3rd quarter worth approximately $51,000. JPMorgan Chase & Co. acquired a new position in shares of General American Investors during the 2nd quarter worth $78,000. Tyler Stone Wealth Management acquired a new stake in shares of General American Investors in the 2nd quarter valued at approximately $88,000. Finally, United Capital Financial Advisers LLC bought a new stake in shares of General American Investors during the 4th quarter valued at approximately $212,000. 36.85% 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.