Monetary Management Group Inc. held its stake in shares of General American Investors, Inc. (NYSE:GAM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,450 shares of the investment management company’s stock at the close of the second quarter. Monetary Management Group Inc.’s holdings in General American Investors were worth $187,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in General American Investors in the 2nd quarter valued at $200,000. Raymond James Trust N.A. bought a new position in General American Investors in the 2nd quarter valued at $204,000. Citigroup Inc. raised its position in General American Investors by 2,379.3% in the 2nd quarter. Citigroup Inc. now owns 13,686 shares of the investment management company’s stock valued at $470,000 after purchasing an additional 13,134 shares during the last quarter. First Manhattan Co. raised its position in General American Investors by 14.8% in the 2nd quarter. First Manhattan Co. now owns 18,812 shares of the investment management company’s stock valued at $646,000 after purchasing an additional 2,420 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in General American Investors by 9.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 25,132 shares of the investment management company’s stock valued at $862,000 after purchasing an additional 2,245 shares during the last quarter. Hedge funds and other institutional investors own 25.74% of the company’s stock.

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Shares of General American Investors, Inc. (GAM) traded down 0.19% during trading on Friday, reaching $36.02. The company’s stock had a trading volume of 12,515 shares. The company has a market cap of $965.73 million, a PE ratio of 6.36 and a beta of 1.19. General American Investors, Inc. has a 52-week low of $28.72 and a 52-week high of $36.20. The firm’s 50-day moving average is $35.09 and its 200 day moving average is $34.41.

About General American Investors

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

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