General American Investors, Inc. (GAM) Shares Bought by Deschutes Portfolio Strategy LLC

Deschutes Portfolio Strategy LLC grew its stake in General American Investors, Inc. (NYSE:GAM) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,500 shares of the investment management company’s stock after purchasing an additional 2,000 shares during the period. General American Investors comprises approximately 3.0% of Deschutes Portfolio Strategy LLC’s investment portfolio, making the stock its 7th largest holding. Deschutes Portfolio Strategy LLC owned 0.66% of General American Investors worth $6,358,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GAM. Janney Montgomery Scott LLC purchased a new position in shares of General American Investors during the 2nd quarter valued at approximately $200,000. Raymond James Trust N.A. acquired a new position in General American Investors in the 2nd quarter valued at $204,000. Citigroup Inc. raised its stake in General American Investors by 2,379.3% in the 2nd quarter. Citigroup Inc. now owns 13,686 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 13,134 shares during the last quarter. First Manhattan Co. raised its stake in General American Investors by 14.8% in the 2nd quarter. First Manhattan Co. now owns 18,812 shares of the investment management company’s stock valued at $646,000 after purchasing an additional 2,420 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in General American Investors by 9.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 25,132 shares of the investment management company’s stock valued at $862,000 after purchasing an additional 2,245 shares during the last quarter. Institutional investors and hedge funds own 25.71% of the company’s stock.

General American Investors, Inc. (NYSE:GAM) traded up 0.33% on Friday, reaching $36.53. The company had a trading volume of 22,049 shares. The company has a market capitalization of $979.41 million, a PE ratio of 6.45 and a beta of 1.19. General American Investors, Inc. has a 52-week low of $28.72 and a 52-week high of $36.55. The company’s 50-day moving average is $35.70 and its 200-day moving average is $34.64.

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General American Investors Profile

Institutional Ownership by Quarter for General American Investors (NYSE:GAM)

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