General American Investors (NYSE:GAM) Sees Unusually-High Trading Volume

General American Investors Company, Inc. (NYSE:GAM) shares saw an uptick in trading volume on Friday . 79,374 shares traded hands during trading, an increase of 206% from the previous session’s volume of 25,924 shares.The stock last traded at $53.55 and had previously closed at $53.72.

General American Investors Stock Performance

The stock’s fifty day simple moving average is $51.54 and its 200-day simple moving average is $48.77.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GAM. Janney Montgomery Scott LLC boosted its stake in General American Investors by 56.1% in 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 during the last quarter. Epoch Investment Partners Inc. lifted its stake in General American Investors by 111.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 43,251 shares of the investment management company’s stock valued at $1,858,000 after purchasing an additional 22,813 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in General American Investors by 3.9% during the first quarter. Salem Investment Counselors Inc. now owns 24,006 shares of the investment management company’s stock valued at $1,117,000 after purchasing an additional 890 shares during the period. Allspring Global Investments Holdings LLC increased its position in General American Investors by 5.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock worth $33,972,000 after buying an additional 37,871 shares during the last quarter. Finally, Matisse Capital bought a new stake in shares of General American Investors in the first quarter valued at $247,000. Institutional investors own 36.85% of the company’s stock.

About General American Investors

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.