Cornerstone Advisors Inc buys $7,742,535 stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Cornerstone Advisors Inc scooped up 4,200 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 10, 2016. The investment management firm now holds a total of 235,121 shares of General American Investors Co. which is valued at $7,742,535.General American Investors Co. makes up approximately 1.84% of Cornerstone Advisors Inc’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) added GAM to its portfolio by purchasing 2,220 company shares during the most recent quarter which is valued at $73,105. General American Investors Co. makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Cable Hill Partners sold out all of its stake in GAM during the most recent quarter. The investment firm sold 3,067 shares of GAM which is valued $100,690.Shaker Financial Services boosted its stake in GAM in the latest quarter, The investment management firm added 73,991 additional shares and 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 approx 3.24% of Shaker Financial Services’s portfolio.

General American Investors Co. opened for trading at $32.91 and hit $33.06 on the upside on Friday, eventually ending the session at $33.05, with a gain of 0.12% or 0.04 points. The heightened volatility saw the trading volume jump to 19,126 shares. Company has a market cap of $969 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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