General American Investors (NYSE:GAM) Sets New 1-Year High at $54.19

General American Investors Company, Inc. (NYSE:GAM) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $54.19 and last traded at $53.91, with a volume of 4694 shares. The stock had previously closed at $52.96.

General American Investors Stock Down 0.3 %

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

Institutional Trading of General American Investors

Several institutional investors and hedge funds have recently bought and sold shares of GAM. Janney Montgomery Scott LLC lifted its holdings 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 worth $462,000 after buying an additional 3,868 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of General American Investors by 111.6% during 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. lifted its holdings in shares of 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 last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of General American Investors by 5.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock valued at $33,972,000 after purchasing an additional 37,871 shares during the last quarter. Finally, Matisse Capital purchased a new position in shares of General American Investors during the first quarter valued at approximately $247,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

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.