Levin Capital Strategies L.P. Acquires 1,683 Shares of General American Investors Company, Inc. (NYSE:GAM)

Levin Capital Strategies L.P. boosted its holdings in General American Investors Company, Inc. (NYSE:GAM) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 104,858 shares of the investment management company’s stock after buying an additional 1,683 shares during the period. Levin Capital Strategies L.P.’s holdings in General American Investors were worth $4,504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GAM. Stolper Co raised its stake in General American Investors by 5.0% during the 4th quarter. Stolper Co now owns 5,779 shares of the investment management company’s stock valued at $248,000 after buying an additional 275 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in General American Investors by 6.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,892 shares of the investment management company’s stock valued at $284,000 after buying an additional 440 shares during the last quarter. Peoples Bank KS purchased a new stake in General American Investors during the 3rd quarter valued at $35,000. Landscape Capital Management L.L.C. raised its stake in General American Investors by 16.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 8,245 shares of the investment management company’s stock valued at $339,000 after buying an additional 1,194 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in General American Investors during the 3rd quarter valued at $51,000. 36.85% of the stock is owned by institutional investors.

Insider Transactions at General American Investors

In related news, CEO Jeffrey W. Priest acquired 4,000 shares of General American Investors stock in a transaction dated Wednesday, April 3rd. The stock was purchased at an average cost of $25.09 per share, for a total transaction of $100,360.00. Following the purchase, the chief executive officer now directly owns 7,200 shares of the company’s stock, valued at approximately $180,648. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the purchase, the vice president now owns 10,000 shares of the company’s stock, valued at approximately $250,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey W. Priest purchased 4,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of $25.09 per share, with a total value of $100,360.00. Following the purchase, the chief executive officer now directly owns 7,200 shares in the company, valued at approximately $180,648. The disclosure for this purchase can be found here. Insiders purchased 7,230 shares of company stock worth $190,216 in the last three months. Corporate insiders own 8.30% of the company’s stock.

General American Investors Trading Up 1.6 %

Shares of NYSE:GAM traded up $0.74 during midday trading on Thursday, hitting $46.26. The company had a trading volume of 12,460 shares, compared to its average volume of 22,436. General American Investors Company, Inc. has a 12-month low of $38.81 and a 12-month high of $46.81. The company has a fifty day moving average of $45.51 and a two-hundred day moving average of $43.49.

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.