General American Investors (NYSE:GAM) Sets New 1-Year High – Should You Buy?

Shares of General American Investors, Inc. (NYSE:GAM) reached a new 52-week high during trading on Monday . The stock traded as high as $68.44 and last traded at $68.1590, with a volume of 6149 shares. The stock had previously closed at $67.89.

General American Investors Stock Up 1.2%

The stock’s fifty day moving average price is $64.51 and its two-hundred day moving average price is $62.86.

Institutional Investors Weigh In On General American Investors

A number of hedge funds and other institutional investors have recently modified their holdings of GAM. Lazard Asset Management LLC lifted its holdings in General American Investors by 13.1% in the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after buying an additional 183,051 shares during the period. Altium Capital Management LLC bought a new stake in shares of General American Investors during the 4th quarter valued at $1,224,000. Allspring Global Investments Holdings LLC grew its position in shares of General American Investors by 9.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock worth $25,197,000 after buying an additional 37,312 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in shares of General American Investors by 10.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock worth $47,611,000 after acquiring an additional 75,259 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of General American Investors by 98,734.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock worth $43,186,000 after acquiring an additional 734,581 shares in the last quarter. Institutional investors own 36.85% of the company’s stock.

General American Investors Company 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.