Advisors Asset Management Inc. Grows Stock Position in General American Investors, Inc. $GAM

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. grew 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 disclosure with the Securities and Exchange Commission. The firm owned 78,030 shares of the investment management company's stock after acquiring 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 reporting period.

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

General American Investors Stock Up 0.4%

Shares of NYSE:GAM opened at $60.42 on Friday. General American Investors, Inc. has a 1 year low of $41.80 and a 1 year high of $60.78. The business's 50-day moving average is $58.03 and its 200 day moving average is $53.81.

General American Investors Profile

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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