Lazard Asset Management LLC Raises Stake in General American Investors, Inc. $GAM

Lazard Asset Management LLC increased its holdings in General American Investors, Inc. (NYSE:GAM) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,580,674 shares of the investment management company’s stock after buying an additional 183,051 shares during the quarter. Lazard Asset Management LLC owned about 0.07% of General American Investors worth $92,422,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GAM. Birchwood Financial Partners Inc. acquired a new stake in General American Investors during the 4th quarter valued at approximately $54,000. PNC Financial Services Group Inc. increased its stake in shares of General American Investors by 10.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after acquiring an additional 273 shares during the period. Harbour Investments Inc. increased its stake in shares of General American Investors by 10.9% in the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after acquiring an additional 297 shares during the period. Osaic Holdings Inc. raised its holdings in shares of General American Investors by 41.6% during 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. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new position in shares of General American Investors during the third quarter worth $211,000. 36.85% of the stock is owned by hedge funds and other institutional investors.

General American Investors Stock Performance

NYSE GAM opened at $64.27 on Tuesday. General American Investors, Inc. has a 1 year low of $56.24 and a 1 year high of $66.18. The company has a fifty day moving average of $63.84 and a 200 day moving average of $62.27.

General American Investors Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.