Anang K. Majmudar, Senior Vice-President at General American Investors Co Inc (NYSE:GAM), reported a purchase of 1,000 shares of the company’s 5.95% Preferred Stock at a price of $24.81 per share. The transaction, executed on April 17, 2026, amounted to $24,810.
After this acquisition, Majmudar's reported holdings in GAM include multiple tranches: he directly owns 5,218 common shares of GAM; he also has indirect ownership of 33,624 shares through the Issuer’s Employees’ Thrift Plan Trust; and, in addition to the 1,000-share purchase, he directly holds 11,500 shares of the 5.95% Preferred Stock.
The insider purchase occurred while GAM's common shares were trading at $63.83, a level noted as being close to the stock’s 52-week high. Over the prior 12 months the shares had produced a 43% total return.
Investor-oriented metrics included in the company's profile show a dividend yield of 10.14% and a consecutive dividend payment streak lasting 54 years. Those figures are among the data points cited alongside the transaction filing.
The filing details the size, price and date of the trade and the resulting change in the insider’s reported holdings. The mix of direct and indirect ownership is set out in the filing, distinguishing shares held outright from those held via the Issuer’s Employees’ Thrift Plan Trust.
Below are the transaction specifics as reported:
- Insider: Anang K. Majmudar, Senior Vice-President
- Security: 5.95% Preferred Stock
- Shares purchased: 1,000
- Price per share: $24.81
- Total transaction value: $24,810
- Transaction date: April 17, 2026
- Post-transaction direct common shares: 5,218
- Post-transaction indirect common shares (Issuers Employees’ Thrift Plan Trust): 33,624
- Direct holdings of 5.95% Preferred Stock after the purchase: 11,500 shares
The filing provides a snapshot of the insider’s holdings and the preferred-stock purchase; it does not, in itself, offer analysis or commentary on strategy, outlook or future company actions.