Royal Bank of Canada Has $11.48 Million Stock Position in General American Investors, Inc. $GAM

Royal Bank of Canada lowered its stake in shares of General American Investors, Inc. (NYSE:GAM) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 196,427 shares of the investment management company’s stock after selling 7,857 shares during the quarter. Royal Bank of Canada’s holdings in General American Investors were worth $11,485,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Birchwood Financial Partners Inc. bought a new stake in General American Investors in the 4th quarter valued at $54,000. PNC Financial Services Group Inc. increased its holdings in shares of General American Investors by 10.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after purchasing an additional 273 shares during the period. Harbour Investments Inc. increased its holdings in shares of General American Investors by 10.9% during the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after purchasing an additional 297 shares during the period. Osaic Holdings Inc. raised its position 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 valued at $210,000 after buying an additional 1,103 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in shares of General American Investors during the third quarter valued at about $211,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Trading Up 0.6%

NYSE GAM opened at $67.10 on Friday. General American Investors, Inc. has a twelve month low of $56.24 and a twelve month high of $67.29. The firm has a 50-day simple moving average of $64.12 and a 200 day simple moving average of $62.59.

General American Investors Company 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.