United Capital Financial Advisors LLC acquired a new stake in shares of General American Investors, Inc. (NYSE:GAM – Free Report) during the second quarter, HoldingsChannel.com reports. The firm acquired 8,345 shares of the investment management company’s stock, valued at approximately $532,000.
Several other institutional investors have also modified their holdings of the stock. Birchwood Financial Partners Inc. purchased a new position in shares of General American Investors in the 4th quarter worth approximately $54,000. PNC Financial Services Group Inc. raised its holdings in General American Investors by 10.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock valued at $163,000 after buying an additional 273 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in General American Investors during the 2nd quarter valued at $169,000. Harbour Investments Inc. lifted its position 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 worth $177,000 after buying an additional 297 shares during the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in General American Investors in the second quarter worth $207,000. 36.85% of the stock is owned by institutional investors.
General American Investors Stock Down 1.0%
NYSE GAM opened at $66.52 on Tuesday. General American Investors, Inc. has a 52 week low of $56.24 and a 52 week high of $68.57. The company has a fifty day moving average of $65.38 and a two-hundred day moving average of $63.35.
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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