General American Investors, Inc. (NYSE:GAM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $67.29 and last traded at $67.05, with a volume of 30143 shares changing hands. The stock had previously closed at $67.13.
General American Investors Price Performance
The stock has a 50-day moving average of $64.25 and a 200 day moving average of $62.71.
Institutional Investors Weigh In On General American Investors
Several institutional investors have recently modified their holdings of GAM. PNC Financial Services Group Inc. lifted its holdings in General American Investors by 10.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after acquiring an additional 273 shares in the last quarter. Harbour Investments Inc. grew its stake in General American Investors by 10.9% in the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 297 shares during the period. Prospera Financial Services Inc increased its holdings in shares of General American Investors by 10.9% in the fourth quarter. Prospera Financial Services Inc now owns 4,013 shares of the investment management company’s stock worth $236,000 after acquiring an additional 395 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of General American Investors by 10.9% in the fourth quarter. Capital Analysts LLC now owns 5,102 shares of the investment management company’s stock worth $300,000 after acquiring an additional 501 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of General American Investors by 2.2% in the second quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock worth $1,441,000 after acquiring an additional 550 shares in the last quarter. Institutional investors and hedge funds 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.
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