Jones Financial Companies Lllp Grows Stake in General American Investors, Inc. $GAM

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

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers boosted its stake in General American Investors by 78.7% during the fourth quarter. Cetera Investment Advisers now owns 17,011 shares of the investment management company's stock valued at $868,000 after buying an additional 7,492 shares during the last quarter. Saba Capital Management L.P. boosted its stake in General American Investors by 42.6% during the fourth quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company's stock valued at $74,694,000 after buying an additional 437,632 shares during the last quarter. Tompkins Financial Corp bought a new position in General American Investors during the first quarter valued at approximately $232,000. Wealth Enhancement Advisory Services LLC bought a new position in General American Investors during the first quarter valued at approximately $303,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of General American Investors by 2.9% in the 1st 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 last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

General American Investors Price Performance

Shares of GAM stock traded up $0.25 on Wednesday, reaching $61.61. 2,284 shares of the company's stock were exchanged, compared to its average volume of 20,894. General American Investors, Inc. has a 52 week low of $41.80 and a 52 week high of $61.97. The company's fifty day simple moving average is $58.68 and its 200 day simple moving average is $54.28.

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.