8,345 Shares in General American Investors, Inc. $GAM Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new stake in shares of General American Investors, Inc. (NYSE:GAM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,345 shares of the investment management company’s stock, valued at approximately $532,000.

Other institutional investors have also added to or reduced their stakes in the company. Birchwood Financial Partners Inc. bought a new stake in General American Investors in the 4th quarter worth approximately $54,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of General American Investors during the 2nd quarter valued at approximately $169,000. PNC Financial Services Group Inc. grew its holdings 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 valued at $163,000 after purchasing an additional 273 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of General American Investors by 10.9% in the fourth quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock valued at $177,000 after purchasing an additional 297 shares in the last quarter. Finally, Quad Cities Investment Group LLC purchased a new position in shares of General American Investors in the second quarter valued at $207,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Stock Performance

Shares of GAM opened at $66.52 on Tuesday. The company’s fifty day moving average is $65.38 and its 200 day moving average is $63.35. General American Investors, Inc. has a fifty-two week low of $56.24 and a fifty-two week high of $68.57.

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.