Cornerstone Advisors LLC Increases Stock Position in General American Investors Company, Inc. (NYSE:GAM)

Cornerstone Advisors LLC raised its position in General American Investors Company, Inc. (NYSE:GAM) by 24.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 441,951 shares of the investment management company’s stock after acquiring an additional 87,843 shares during the quarter. General American Investors makes up 0.9% of Cornerstone Advisors LLC’s investment portfolio, making the stock its 26th largest position. Cornerstone Advisors LLC owned 1.84% of General American Investors worth $21,974,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas bought a new stake in shares of General American Investors in the first quarter worth about $35,000. Integrated Capital Management Inc. bought a new stake in shares of General American Investors in the 2nd quarter worth approximately $206,000. Matisse Capital bought a new stake in shares of General American Investors in the 1st quarter worth approximately $247,000. Cetera Advisors LLC purchased a new position in shares of General American Investors during the first quarter valued at approximately $343,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of General American Investors by 56.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,760 shares of the investment management company’s stock valued at $462,000 after acquiring an additional 3,868 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Trading Up 0.9 %

NYSE:GAM opened at $52.77 on Monday. The firm’s fifty day simple moving average is $51.37 and its 200 day simple moving average is $48.59. General American Investors Company, Inc. has a twelve month low of $39.12 and a twelve month high of $53.12.

General American Investors 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.