General American Investors, Inc. $GAM Shares Sold by 1607 Capital Partners LLC

Key Points

• 1607 Capital Partners LLC reduced its holdings in General American Investors, Inc. by 22.6% in the first quarter, selling 94,764 shares and holding 324,542 shares thereafter.
• Institutional ownership of General American Investors stands at 36.85%, with several firms, including Janney Montgomery Scott and Wells Fargo, increasing their stakes.
• The current stock price of General American Investors is $60.13, reflecting a 1-year low of $41.80 and a high of $60.51.

1607 Capital Partners LLC trimmed its holdings in shares of General American Investors, Inc. (NYSE:GAM - Free Report) by 22.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 324,542 shares of the investment management company's stock after selling 94,764 shares during the period. General American Investors makes up about 1.3% of 1607 Capital Partners LLC's portfolio, making the stock its 20th biggest position. 1607 Capital Partners LLC owned about 1.38% of General American Investors worth $16,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in General American Investors by 2.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock valued at $535,000 after acquiring an additional 301 shares during the period. First Manhattan CO. LLC. lifted 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 during the period. CWM LLC lifted its stake in General American Investors by 119.8% during the 1st quarter. CWM LLC now owns 1,321 shares of the investment management company's stock valued at $67,000 after acquiring an additional 720 shares during the period. First Trust Advisors LP lifted its stake in General American Investors by 3.0% during the 4th quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock valued at $1,848,000 after acquiring an additional 1,051 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in General American Investors by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,745 shares of the investment management company's stock valued at $293,000 after acquiring an additional 1,418 shares during the period. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Trading Up 0.3%

GAM opened at $60.13 on Tuesday. The firm has a fifty day moving average price of $57.65 and a 200 day moving average price of $53.61. General American Investors, Inc. has a 1 year low of $41.80 and a 1 year high of $60.51.

General American Investors Company 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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