Shaker Financial Services buys $4,805,625 stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Shaker Financial Services scooped up 73,991 additional shares in General American Investors Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 148,002 shares of General American Investors Co. which is valued at $4,805,625.General American Investors Co. makes up approximately 3.24% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Blue Bell Private Wealth Management boosted its stake in GAM in the latest quarter, The investment management firm added 98,003 additional shares and now holds a total of 386,432 shares of General American Investors Co. which is valued at $12,605,412. General American Investors Co. makes up approx 7.83% of Blue Bell Private Wealth Management’s portfolio.Deschutes Portfolio Strategy boosted its stake in GAM in the latest quarter, The investment management firm added 24,400 additional shares and now holds a total of 175,600 shares of General American Investors Co. which is valued at $5,629,736. General American Investors Co. makes up approx 3.00% of Deschutes Portfolio Strategy’s portfolio.Creative Planning boosted its stake in GAM in the latest quarter, The investment management firm added 3,855 additional shares and now holds a total of 14,463 shares of General American Investors Co. which is valued at $460,647.

General American Investors Co. opened for trading at $32.45 and hit $32.56 on the upside on Thursday, eventually ending the session at $32.52, with a gain of 0.15% or 0.05 points. The heightened volatility saw the trading volume jump to 43,157 shares. Company has a market cap of $954 M.

General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.

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