Anang Majmudar Purchases 500 Shares of General American Investors (NYSE:GAM) Stock

General American Investors, Inc. (NYSE:GAM - Get Free Report) insider Anang Majmudar purchased 500 shares of the stock in a transaction dated Monday, April 20th. The stock was acquired at an average cost of $24.66 per share, for a total transaction of $12,330.00. Following the completion of the transaction, the insider owned 12,000 shares of the company's stock, valued at $295,920. The trade was a 4.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.General American Investors Stock Up 0.4%GAM stock traded up $0.25 during trading on Tuesday, reaching $64.30. 30,862 shares of the stock were exchanged, compared to its average volume of 32,955. General American Investors, Inc. has a twelve month low of $47.73 and a twelve month high of $64.94. The stock has a 50 day simple moving average of $60.68 and a 200-day simple moving average of $60.63. Institutional Inflows and OutflowsA number of institutional investors have recently modified their holdings of the company. Saba Capital Management L.P. raised its stake in shares of General American Investors by 2.2% in the fourth quarter. Saba Capital Management L.P. now owns 2,085,885 shares of the investment management company's stock valued at $122,504,000 after acquiring an additional 44,324 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of General American Investors by 6.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,397,623 shares of the investment management company's stock valued at $82,082,000 after acquiring an additional 78,547 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of General American Investors by 10.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company's stock valued at $47,611,000 after acquiring an additional 75,259 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of General American Investors by 98,734.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company's stock valued at $43,186,000 after acquiring an additional 734,581 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of General American Investors by 8.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company's stock valued at $24,748,000 after acquiring an additional 30,217 shares during the last quarter. Institutional investors own 36.85% of the company's stock. General American Investors Company Profile (Get Free Report)General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations. The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.See AlsoFive stocks we like better than General American InvestorsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in General American Investors Right Now?Before you consider General American Investors, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General American Investors wasn't on the list.While General American Investors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here