General American Investors, Inc. $GAM Shares Bought by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its stake in General American Investors, Inc. by a staggering 79,052.6%, holding 45,117 shares valued at approximately $2.11 million.
• Other institutional investors have also shown interest, with Janney Montgomery Scott LLC lifting its stake by 2.9% and CWM LLC increasing theirs by 119.8% in the same quarter.
• The shares of General American Investors opened at $61.30, with a 12-month range from $41.80 to $61.79.

Jones Financial Companies Lllp boosted its stake in shares of General American Investors, Inc. (NYSE:GAM - Free Report) by 79,052.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,117 shares of the investment management company's stock after buying an additional 45,060 shares during the quarter. Jones Financial Companies Lllp owned 0.19% of General American Investors worth $2,106,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in shares of General American Investors by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock valued at $535,000 after purchasing an additional 301 shares during the period. CWM LLC boosted 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. Levin Capital Strategies L.P. boosted its stake in shares of General American Investors by 2.4% in the first quarter. Levin Capital Strategies L.P. now owns 107,324 shares of the investment management company's stock valued at $5,406,000 after purchasing an additional 2,467 shares during the period. Tompkins Financial Corp purchased a new position in shares of General American Investors in the first quarter valued at approximately $232,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of General American Investors in the first quarter valued at approximately $303,000. Hedge funds and other institutional investors own 36.85% of the company's stock.

General American Investors Trading Down 0.1%

Shares of NYSE GAM traded down $0.08 during midday trading on Monday, hitting $61.23. The company's stock had a trading volume of 13,773 shares, compared to its average volume of 21,062. The business's fifty day simple moving average is $58.49 and its two-hundred day simple moving average is $54.16. General American Investors, Inc. has a 1 year low of $41.80 and a 1 year high of $61.79.

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.