General American Investors, Inc. $GAM Shares Sold by 1607 Capital Partners LLC

1607 Capital Partners LLC trimmed its position in General American Investors, Inc. (NYSE:GAM) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,489 shares of the investment management company’s stock after selling 8,504 shares during the period. General American Investors makes up approximately 1.1% of 1607 Capital Partners LLC’s holdings, making the stock its 16th biggest holding. 1607 Capital Partners LLC owned 1.18% of General American Investors worth $16,297,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers boosted its stake in General American Investors by 10.7% in the fourth quarter. Cetera Investment Advisers now owns 16,837 shares of the investment management company’s stock valued at $989,000 after acquiring an additional 1,633 shares in the last quarter. Lazard Asset Management LLC boosted its stake in General American Investors by 6.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,397,623 shares of the investment management company’s stock valued at $82,082,000 after acquiring an additional 78,547 shares in the last quarter. Royal Bank of Canada boosted its stake in General American Investors by 3.7% in the fourth quarter. Royal Bank of Canada now owns 204,284 shares of the investment management company’s stock valued at $11,998,000 after acquiring an additional 7,365 shares in the last quarter. Mariner LLC boosted its stake in General American Investors by 94.0% in the fourth quarter. Mariner LLC now owns 15,306 shares of the investment management company’s stock valued at $899,000 after acquiring an additional 7,415 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in General American Investors by 5.4% in the fourth quarter. First Trust Advisors LP now owns 38,958 shares of the investment management company’s stock valued at $2,288,000 after acquiring an additional 1,983 shares in the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Eugene S. Stark bought 6,151 shares of the stock in a transaction on Wednesday, April 8th. The stock was bought at an average cost of $24.86 per share, for a total transaction of $152,913.86. Following the completion of the purchase, the vice president directly owned 34,000 shares in the company, valued at approximately $845,240. The trade was a 22.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 7,662 shares of company stock valued at $190,328 in the last three months. 7.93% of the stock is owned by company insiders.

General American Investors Stock Performance

Shares of GAM opened at $63.72 on Thursday. General American Investors, Inc. has a twelve month low of $53.78 and a twelve month high of $66.18. The company has a 50 day moving average of $63.70 and a two-hundred day moving average of $61.24.

General American Investors Profile

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.