Shaker Financial Services LLC bought a new position in General American Investors, Inc. (NYSE:GAM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 158,628 shares of the investment management company's stock, valued at approximately $7,990,000. General American Investors comprises about 3.1% of Shaker Financial Services LLC's holdings, making the stock its 2nd biggest position. Shaker Financial Services LLC owned 0.68% of General American Investors at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Saba Capital Management L.P. increased its holdings in General American Investors by 42.6% in the 4th quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company's stock worth $74,694,000 after acquiring an additional 437,632 shares in the last quarter. Cohen & Steers Inc. lifted its position in General American Investors by 19.8% in the fourth quarter. Cohen & Steers Inc. now owns 222,069 shares of the investment management company's stock worth $11,328,000 after buying an additional 36,746 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in General American Investors by 50.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 65,216 shares of the investment management company's stock worth $3,327,000 after buying an additional 21,965 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of General American Investors during the fourth quarter worth $797,000. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of General American Investors during the first quarter worth $623,000. Hedge funds and other institutional investors own 36.85% of the company's stock.
General American Investors Stock Up 1.2%
Shares of NYSE:GAM traded up $0.71 on Friday, hitting $58.38. 10,445 shares of the company's stock were exchanged, compared to its average volume of 22,175. The business's 50 day simple moving average is $56.09 and its two-hundred day simple moving average is $52.86. General American Investors, Inc. has a 12 month low of $41.80 and a 12 month high of $58.42.
General American Investors Company Profile
(
Free Report)
General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.
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