Saba Capital Management L.P. Has $107.56 Million Stock Position in General American Investors, Inc. $GAM

Saba Capital Management L.P. reduced its holdings in shares of General American Investors, Inc. (NYSE:GAM) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,839,593 shares of the investment management company’s stock after selling 246,292 shares during the period. General American Investors accounts for about 3.0% of Saba Capital Management L.P.’s investment portfolio, making the stock its 7th largest holding. Saba Capital Management L.P. owned about 0.08% of General American Investors worth $107,561,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GAM. Northwestern Mutual Wealth Management Co. grew its holdings in General American Investors by 98,734.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock worth $43,186,000 after purchasing an additional 734,581 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of General American Investors by 13.1% during the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock valued at $92,422,000 after purchasing an additional 183,051 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of General American Investors by 10.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock valued at $47,611,000 after purchasing an additional 75,259 shares during the last quarter. Royal Bank of Canada boosted its position in shares of General American Investors by 38.3% in the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after purchasing an additional 54,223 shares in the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in shares of General American Investors in the 4th quarter worth approximately $2,373,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Stock Performance

General American Investors stock opened at $64.27 on Tuesday. The stock’s 50 day moving average is $63.84 and its 200 day moving average is $62.27. General American Investors, Inc. has a twelve month low of $56.24 and a twelve month high of $66.18.

General American Investors Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.