General American Investors, Inc. $GAM Holdings Boosted by Altium Capital Management LLC

Altium Capital Management LLC lifted its holdings in General American Investors, Inc. (NYSE:GAM) by 133.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 48,755 shares of the investment management company’s stock after acquiring an additional 27,910 shares during the quarter. General American Investors comprises about 6.8% of Altium Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Altium Capital Management LLC’s holdings in General American Investors were worth $2,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Birchwood Financial Partners Inc. purchased a new position in General American Investors during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. lifted its position in shares of General American Investors by 10.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after purchasing an additional 273 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of General American Investors by 10.9% during the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after purchasing an additional 297 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of General American Investors by 41.6% during the second quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock worth $210,000 after purchasing an additional 1,103 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new position in General American Investors during the third quarter valued at approximately $211,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Stock Up 0.0%

General American Investors stock traded up $0.03 during trading hours on Friday, hitting $64.67. The company had a trading volume of 12,118 shares, compared to its average volume of 28,258. General American Investors, Inc. has a fifty-two week low of $56.01 and a fifty-two week high of $66.18. The firm’s fifty day moving average is $63.83 and its 200-day moving average is $61.84.

About General American Investors

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.