General American Investors, Inc. $GAM Stock Holdings Lifted by Sit Investment Associates Inc.

Key Points

• Sit Investment Associates Inc. increased its stake in General American Investors, Inc. by 3.8%, owning 1.06% of the company, which is valued at approximately $12.5 million.
• Several other large investors also modified their positions, with CWM LLC increasing its stake by 119.8% in the first quarter.
• General American Investors' shares traded at $59.02, notably fluctuating between a 1 year low of $41.80 and a high of $59.68.

Sit Investment Associates Inc. boosted its holdings in shares of General American Investors, Inc. (NYSE:GAM - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 248,197 shares of the investment management company's stock after buying an additional 9,147 shares during the period. Sit Investment Associates Inc. owned approximately 1.06% of General American Investors worth $12,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in General American Investors by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock valued at $535,000 after buying an additional 301 shares during the period. First Manhattan CO. LLC. raised 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 valued at $285,000 after buying an additional 434 shares during the period. CWM LLC raised its position 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 valued at $67,000 after buying an additional 720 shares during the period. First Trust Advisors LP raised its position in General American Investors by 3.0% during the fourth quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock valued at $1,848,000 after buying an additional 1,051 shares during the period. Finally, Wells Fargo & Company MN raised its position in General American Investors by 32.8% during 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. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Stock Up 0.2%

NYSE:GAM traded up $0.10 during trading hours on Monday, hitting $59.13. 27,242 shares of the company's stock traded hands, compared to its average volume of 21,473. The stock's fifty day moving average price is $56.52 and its two-hundred day moving average price is $53.07. General American Investors, Inc. has a twelve month low of $41.80 and a twelve month high of $59.68.

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.