General American Investors, Inc. $GAM Stake Lifted by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in General American Investors, Inc. by 17.2%, owning a total of 78,030 shares valued at approximately $3.93 million.
• Other institutional investors also boosted their positions in General American Investors, with CWM LLC increasing its stake by 119.8% during the same period.
• As of the latest report, General American Investors' stock trades at $60.42, with a 1-year low of $41.80 and a high of $60.78.

Advisors Asset Management Inc. boosted its position in General American Investors, Inc. (NYSE:GAM - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,030 shares of the investment management company's stock after purchasing an additional 11,427 shares during the quarter. Advisors Asset Management Inc. owned about 0.33% of General American Investors worth $3,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GAM. CWM LLC increased its stake in shares of General American Investors by 119.8% in the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock valued at $67,000 after purchasing an additional 720 shares during the period. Tompkins Financial Corp bought a new position in General American Investors in the 1st quarter worth approximately $232,000. First Manhattan CO. LLC. raised its stake in General American Investors by 8.4% during the 4th quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock valued at $285,000 after acquiring an additional 434 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in General American Investors during the 1st quarter valued at $303,000. Finally, Wolverine Asset Management LLC acquired a new position in General American Investors during the 1st quarter worth $338,000. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Trading Up 1.0%

Shares of NYSE:GAM traded up $0.59 on Thursday, hitting $61.30. The company's stock had a trading volume of 10,222 shares, compared to its average volume of 17,596. General American Investors, Inc. has a 12 month low of $41.80 and a 12 month high of $61.79. The stock's 50-day moving average is $58.40 and its two-hundred day moving average is $54.05.

About General American Investors

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.