Lazard Asset Management LLC lifted its stake in General American Investors, Inc. (NYSE:GAM – Free Report) by 13.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,580,674 shares of the investment management company’s stock after purchasing an additional 183,051 shares during the quarter. Lazard Asset Management LLC owned about 6.59% of General American Investors worth $92,422,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of GAM. First Trust Advisors LP grew its position in General American Investors by 10.1% during the 1st quarter. First Trust Advisors LP now owns 42,898 shares of the investment management company’s stock worth $2,508,000 after purchasing an additional 3,940 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of General American Investors by 9.5% in the first 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 last quarter. Altium Capital Management LLC raised its holdings in shares of General American Investors by 133.9% in the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock worth $2,851,000 after buying an additional 27,910 shares during the last quarter. Nixon Peabody Trust Co. lifted its stake in shares of General American Investors by 10.9% during the first quarter. Nixon Peabody Trust Co. now owns 7,047 shares of the investment management company’s stock worth $412,000 after buying an additional 692 shares during the period. Finally, Cornerstone Planning LLC purchased a new stake in shares of General American Investors during the fourth quarter valued at $419,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.
General American Investors Price Performance
NYSE GAM opened at $64.27 on Tuesday. The stock’s fifty day moving average price is $63.84 and its 200 day moving average price is $62.27. General American Investors, Inc. has a 1 year low of $56.24 and a 1 year high of $66.18.
About General American Investors
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.
See Also
- Five stocks we like better than General American Investors
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding GAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General American Investors, Inc. (NYSE:GAM – Free Report).
Receive News & Ratings for General American Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General American Investors and related companies with MarketBeat.com's FREE daily email newsletter.
