Shaker Financial Services LLC purchased a new position in shares of General American Investors, Inc. (NYSE:GAM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 portfolio, 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 reporting period.
Several other hedge funds also recently made changes to their positions in the business. CWM LLC increased its holdings in General American Investors by 119.8% during the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock worth $67,000 after buying an additional 720 shares during the last quarter. Tompkins Financial Corp bought a new position in General American Investors during the first quarter worth about $232,000. First Manhattan CO. LLC. increased its position in General American Investors by 8.4% during the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock worth $285,000 after buying an additional 434 shares during the last quarter. Wells Fargo & Company MN raised its stake in General American Investors by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,745 shares of the investment management company's stock valued at $293,000 after buying an additional 1,418 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in General American Investors in the first quarter valued at approximately $303,000. 36.85% of the stock is owned by institutional investors.
General American Investors Stock Up 0.4%
GAM traded up $0.21 during trading hours on Thursday, reaching $57.66. The company's stock had a trading volume of 22,276 shares, compared to its average volume of 22,031. The company's 50-day moving average is $56.01 and its 200-day moving average is $52.82. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $58.19.
General American Investors 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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