General American Investors (NYSE:GAM) Sets New 1-Year High – Here’s Why

Shares of General American Investors, Inc. (NYSE:GAM) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $63.17 and last traded at $63.08, with a volume of 4946 shares. The stock had previously closed at $62.26.

General American Investors Price Performance

The business has a fifty day moving average of $59.95 and a 200-day moving average of $55.35.

Institutional Investors Weigh In On General American Investors

A number of hedge funds and other institutional investors have recently modified their holdings of GAM. Wealth Enhancement Advisory Services LLC acquired a new position in General American Investors during the 1st quarter valued at about $303,000. Janney Montgomery Scott LLC boosted its holdings in shares of General American Investors by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company’s stock valued at $535,000 after acquiring an additional 301 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of General American Investors by 79,052.6% in the first quarter. Jones Financial Companies Lllp now owns 45,117 shares of the investment management company’s stock valued at $2,106,000 after acquiring an additional 45,060 shares in the last quarter. Advisors Asset Management Inc. lifted its position in General American Investors by 17.2% in the first quarter. Advisors Asset Management Inc. now owns 78,030 shares of the investment management company’s stock worth $3,930,000 after purchasing an additional 11,427 shares during the period. Finally, CWM LLC lifted its position in General American Investors by 119.8% in the first quarter. CWM LLC now owns 1,321 shares of the investment management company’s stock worth $67,000 after purchasing an additional 720 shares during the period. 36.85% of the stock is currently owned by institutional investors.

About General American Investors

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.