General American Investors CEO Buys $93,840 in Preferred Stock
Jeffrey W. Priest, the President and CEO of General American Investors Company (GAM), purchased 4,000 shares of its preferred stock for approximately $93,840 on September 18, 2026, according to an SEC Form 4 filing. The transaction occurred at a price of $23.46 per share and added to his existing stake in the company, which now totals around $5.8 million as of that date. The CEO's purchase is seen by some analysts as a bullish signal for investors since insider buying often indicates confidence in future stock performance. General American Investors has shown strong financials with net income reaching $376.70 million on revenue of $24.40 million over the trailing twelve months, and it operates primarily through active management strategies across various U.S. equity sectors. The company's market capitalization stands at around $1.6 billion as of September 18, with a one-year total return of approximately 5%. Insider ownership currently accounts for about 0.37% of the outstanding shares.