6 Meridian lessened its position in General American Investors Co. Inc. (NYSE:GAM) by 22.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,253 shares of the investment management company’s stock after selling 8,341 shares during the period. 6 Meridian owned approximately 0.11% of General American Investors worth $970,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd acquired a new stake in shares of General American Investors in the 1st quarter worth $154,000. SG Americas Securities LLC acquired a new stake in shares of General American Investors in the 2nd quarter worth $324,000. First Republic Investment Management Inc. lifted its stake in shares of General American Investors by 23.4% in the 1st quarter. First Republic Investment Management Inc. now owns 10,907 shares of the investment management company’s stock worth $365,000 after acquiring an additional 2,065 shares during the period. Quad Cities Investment Group LLC acquired a new stake in shares of General American Investors in the 1st quarter worth $519,000. Finally, Guggenheim Capital LLC lifted its stake in shares of General American Investors by 23.4% in the 1st quarter. Guggenheim Capital LLC now owns 21,794 shares of the investment management company’s stock worth $730,000 after acquiring an additional 4,127 shares during the period. Institutional investors own 23.67% of the company’s stock.

GAM stock opened at $36.81 on Wednesday. General American Investors Co. Inc. has a one year low of $32.20 and a one year high of $37.02.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets. It invests in growth stocks of companies. The firm employs fundamental analysis with a bottom-up stock picking approach to make its investments. General American Investors Company, Inc was founded in 1927 and is based in New York, New York.

Further Reading: Asset Allocation, Balancing Your Investments

Institutional Ownership by Quarter for General American Investors (NYSE:GAM)

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