General American Investors (NYSE:GAM) Reaches New 52-Week High – What’s Next?

General American Investors, Inc. (NYSE:GAM) reached a new 52-week high on Tuesday . The company traded as high as $62.53 and last traded at $62.10, with a volume of 11621 shares changing hands. The stock had previously closed at $61.74.

General American Investors Stock Up 0.6%

The business has a 50 day moving average price of $59.08 and a two-hundred day moving average price of $54.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GAM. Shaker Financial Services LLC bought a new position in General American Investors during the 1st quarter valued at approximately $7,990,000. Royal Bank of Canada raised its position in General American Investors by 38.3% during the 1st quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock valued at $9,871,000 after purchasing an additional 54,223 shares during the last quarter. Jones Financial Companies Lllp raised its position in General American Investors by 79,052.6% during the 1st quarter. Jones Financial Companies Lllp now owns 45,117 shares of the investment management company’s stock valued at $2,106,000 after purchasing an additional 45,060 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in General American Investors by 10.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 367,595 shares of the investment management company’s stock valued at $20,600,000 after purchasing an additional 33,338 shares during the last quarter. Finally, Joel Isaacson & Co. LLC bought a new position in General American Investors during the 1st quarter valued at approximately $623,000. 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.