Raymond James Financial Services Advisors Inc. lowered its stake in General American Investors, Inc. (NYSE:GAM) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,293 shares of the investment management company’s stock after selling 71 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.13% of General American Investors worth $1,178,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GAM. Janney Montgomery Scott LLC purchased a new stake in General American Investors in the second quarter worth approximately $200,000. Blue Bell Private Wealth Management LLC boosted its holdings in General American Investors by 11.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 562,053 shares of the investment management company’s stock worth $19,307,000 after purchasing an additional 58,875 shares during the last quarter. First Manhattan Co. boosted its holdings in General American Investors by 14.8% in the second quarter. First Manhattan Co. now owns 18,812 shares of the investment management company’s stock worth $646,000 after purchasing an additional 2,420 shares during the last quarter. First Trust Advisors LP boosted its holdings in General American Investors by 13.0% in the second quarter. First Trust Advisors LP now owns 51,941 shares of the investment management company’s stock worth $1,784,000 after purchasing an additional 5,962 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in General American Investors by 23.4% in the second quarter. Shaker Financial Services LLC now owns 179,456 shares of the investment management company’s stock worth $6,164,000 after purchasing an additional 34,056 shares during the last quarter. Institutional investors own 25.70% of the company’s stock.

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Shares of General American Investors, Inc. (NYSE:GAM) opened at 36.17 on Wednesday. The stock has a market cap of $969.75 million, a PE ratio of 6.38 and a beta of 1.19. The company has a 50-day moving average of $35.74 and a 200 day moving average of $34.69. General American Investors, Inc. has a one year low of $28.72 and a one year high of $36.56.

General American Investors Company Profile

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

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