General American Investors (NYSE:GAM) Sees Large Volume Increase

General American Investors Company, Inc. (NYSE:GAM) saw strong trading volume on Friday . 79,374 shares changed hands during trading, an increase of 206% from the previous session’s volume of 25,924 shares.The stock last traded at $53.55 and had previously closed at $53.72.

General American Investors Trading Down 0.3 %

The business’s 50-day simple moving average is $51.54 and its two-hundred day simple moving average is $48.77.

Institutional Investors Weigh In On General American Investors

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of General American Investors by 5.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock valued at $33,972,000 after acquiring an additional 37,871 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in General American Investors by 3.7% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company’s stock valued at $33,575,000 after purchasing an additional 24,196 shares during the period. Cornerstone Advisors LLC grew its position in shares of General American Investors by 24.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock valued at $21,974,000 after purchasing an additional 87,843 shares in the last quarter. Shaker Financial Services LLC increased its holdings in shares of General American Investors by 41.9% in the second quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock worth $5,396,000 after purchasing an additional 32,065 shares during the period. Finally, Wolverine Asset Management LLC raised its position in shares of General American Investors by 22.8% in the second quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company’s stock worth $3,396,000 after buying an additional 12,663 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.