General American Investors Company, Inc. (NYSE:GAM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in General American Investors Company, Inc. (NYSE:GAM) by 23.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 560,035 shares of the investment management company’s stock after selling 170,382 shares during the period. Allspring Global Investments Holdings LLC’s holdings in General American Investors were worth $27,845,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BNP Paribas acquired a new position in shares of General American Investors in the first quarter worth about $35,000. Salem Investment Counselors Inc. raised its position in shares of General American Investors by 3.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 24,006 shares of the investment management company’s stock valued at $1,117,000 after purchasing an additional 890 shares in the last quarter. Levin Capital Strategies L.P. boosted its stake in shares of General American Investors by 1.6% during the 4th quarter. Levin Capital Strategies L.P. now owns 104,858 shares of the investment management company’s stock valued at $4,504,000 after buying an additional 1,683 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of General American Investors by 56.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,760 shares of the investment management company’s stock worth $462,000 after buying an additional 3,868 shares in the last quarter. Finally, Integrated Capital Management Inc. bought a new stake in shares of General American Investors in the second quarter worth $206,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Up 0.1 %

GAM opened at $52.27 on Wednesday. General American Investors Company, Inc. has a 12-month low of $39.12 and a 12-month high of $52.75. The firm’s fifty day moving average price is $50.71 and its 200 day moving average price is $47.92.

Insider Activity

In other news, VP Eugene S. Stark purchased 1,973 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of $24.76 per share, for a total transaction of $48,851.48. Following the completion of the purchase, the vice president now owns 12,000 shares of the company’s stock, valued at $297,120. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.30% of the company’s stock.

General American Investors 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.