General American Investors (NYSE:GAM) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

General American Investors, Inc. (NYSE:GAM) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $60.06 and traded as high as $63.34. General American Investors shares last traded at $63.12, with a volume of 8,772 shares trading hands.

General American Investors Stock Performance

The company’s 50 day moving average price is $60.06 and its 200-day moving average price is $55.47.

Institutional Trading of General American Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAM. Shaker Financial Services LLC acquired a new stake in General American Investors during the first quarter worth approximately $7,990,000. Royal Bank of Canada lifted its stake in General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock valued at $9,871,000 after buying an additional 54,223 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of 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 worth $2,106,000 after buying an additional 45,060 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of 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 worth $20,600,000 after buying an additional 33,338 shares during the period. Finally, Joel Isaacson & Co. LLC bought a new stake in shares of General American Investors in the 1st quarter valued at $623,000. Institutional investors and hedge funds 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.