General American Investors (NYSE:GAM) Hits New 52-Week High – Here’s What Happened

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

General American Investors Trading Down 1.1%

The company has a 50-day moving average of $60.58 and a 200-day moving average of $55.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in General American Investors by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company’s stock worth $535,000 after purchasing an additional 301 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of General American Investors by 2.2% in the 2nd quarter. Raymond James Financial Inc. now owns 25,706 shares of the investment management company’s stock worth $1,441,000 after buying an additional 550 shares during the last quarter. CWM LLC boosted its stake in shares of General American Investors by 119.8% in the 1st quarter. CWM LLC now owns 1,321 shares of the investment management company’s stock worth $67,000 after buying an additional 720 shares during the last quarter. Mraz Amerine & Associates Inc. boosted its stake in shares of General American Investors by 4.4% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 23,679 shares of the investment management company’s stock worth $1,327,000 after buying an additional 1,000 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in General American Investors by 41.6% in the second quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after purchasing an additional 1,103 shares during the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

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.