Cornerstone Advisors LLC Purchases 87,843 Shares of General American Investors Company, Inc. (NYSE:GAM)

Cornerstone Advisors LLC lifted its position in shares of General American Investors Company, Inc. (NYSE:GAM) by 24.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,951 shares of the investment management company’s stock after purchasing an additional 87,843 shares during the quarter. General American Investors comprises 0.9% of Cornerstone Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Cornerstone Advisors LLC’s holdings in General American Investors were worth $21,974,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GAM. BNP Paribas purchased a new position in shares of General American Investors during the first quarter valued at approximately $35,000. Integrated Capital Management Inc. bought a new position in General American Investors during the 2nd quarter valued at approximately $206,000. Matisse Capital purchased a new position in General American Investors during the first quarter valued at $247,000. Cetera Advisors LLC bought a new stake in General American Investors in the first quarter worth $343,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of General American Investors by 56.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,760 shares of the investment management company’s stock worth $462,000 after acquiring an additional 3,868 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors.

General American Investors Stock Performance

Shares of NYSE:GAM opened at $52.77 on Monday. The business has a fifty day moving average price of $51.37 and a 200-day moving average price of $48.59. General American Investors Company, Inc. has a 1-year low of $39.12 and a 1-year high of $53.12.

General American Investors Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.