General American Investors (NYSE:GAM) Hits New 1-Year High - What's Next?

Key Points

• General American Investors' share price reached a new 52-week high of $64.13 during trading, closing at $63.58 with a volume of 9,741 shares.
• Institutional investors have significantly increased their stakes, with CWM LLC raising its position by 119.8% in Q1, and several firms purchasing new positions totaling over $600,000 in Q2.
• The company is an investment manager focusing on growth stocks in various sectors including Technology, Financials, and Health Care.

General American Investors, Inc. (NYSE:GAM - )'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $64.13 and last traded at $63.58, with a volume of 9741 shares. The stock had previously closed at $63.25.

General American Investors Price Performance

The stock has a 50-day moving average of $60.32 and a 200 day moving average of $55.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its position in shares of 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 buying an additional 720 shares in the last quarter. Grimes & Company Inc. purchased a new position in shares of General American Investors during the 2nd quarter valued at approximately $202,000. Bank of Montreal Can purchased a new position in shares of General American Investors during the 2nd quarter valued at approximately $203,000. Prospera Financial Services Inc purchased a new position in General American Investors in the 2nd quarter valued at $203,000. Finally, Osaic Holdings Inc. lifted its holdings in General American Investors by 41.6% in the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company's stock valued at $210,000 after purchasing an additional 1,103 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

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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