General American Investors (NYSE:GAM) Hits New 1-Year High – Time to Buy?

General American Investors Company, Inc. (NYSE:GAM) shares reached a new 52-week high on Thursday . The company traded as high as $54.81 and last traded at $54.38, with a volume of 4526 shares changing hands. The stock had previously closed at $54.06.

General American Investors Trading Up 0.6 %

The firm’s fifty day moving average is $53.11 and its 200-day moving average is $50.66.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Schrum Private Wealth Management LLC increased its holdings in General American Investors by 100.0% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company’s stock worth $543,000 after purchasing an additional 5,062 shares in the last quarter. Tyler Stone Wealth Management increased its stake in shares of General American Investors by 100.0% in the third quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after buying an additional 2,247 shares during the period. Farther Finance Advisors LLC bought a new position in General American Investors in the 3rd quarter valued at approximately $59,000. Pinnacle Associates Ltd. acquired a new stake in General American Investors during the 3rd quarter worth approximately $422,000. Finally, Eastern Bank bought a new stake in General American Investors during the 3rd quarter worth approximately $92,000. 36.85% of the stock is currently owned by institutional investors.

About General American Investors

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.