General American Investors, Inc. (NYSE:GAM – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $66.20 and last traded at $65.9650, with a volume of 9371 shares changing hands. The stock had previously closed at $65.72.
General American Investors Price Performance
The business’s fifty day moving average is $64.01 and its 200-day moving average is $62.52.
Institutional Investors Weigh In On General American Investors
A number of large investors have recently modified their holdings of the stock. Shaker Financial Services LLC acquired a new stake in General American Investors during the fourth quarter valued at approximately $1,714,000. Lazard Asset Management LLC lifted its stake in 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 worth $92,422,000 after purchasing an additional 183,051 shares during the last quarter. Altium Capital Management LLC acquired a new position in General American Investors in the fourth quarter worth $1,224,000. Allspring Global Investments Holdings LLC increased its stake in General American Investors by 9.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after purchasing an additional 37,312 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised 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 worth $47,611,000 after purchasing an additional 75,259 shares during the period. 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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