Royal Bank of Canada Has $11.48 Million Position in General American Investors, Inc. $GAM

Royal Bank of Canada lowered its stake in shares of General American Investors, Inc. (NYSE:GAM) by 3.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,427 shares of the investment management company’s stock after selling 7,857 shares during the quarter. Royal Bank of Canada owned about 0.82% of General American Investors worth $11,485,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Birchwood Financial Partners Inc. acquired a new stake in shares of General American Investors in the fourth quarter worth $54,000. PNC Financial Services Group Inc. grew its stake in General American Investors by 10.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock valued at $163,000 after buying an additional 273 shares during the last quarter. Harbour Investments Inc. raised its holdings in General American Investors by 10.9% in the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after acquiring an additional 297 shares during the period. Laird Norton Wetherby Wealth Management LLC bought a new position in General American Investors in the 3rd quarter worth $211,000. Finally, CIBC Bancorp USA Inc. acquired a new position in General American Investors during the 3rd quarter worth $214,000. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Stock Performance

GAM stock opened at $67.10 on Friday. The company has a 50-day moving average of $64.12 and a two-hundred day moving average of $62.59. General American Investors, Inc. has a 52-week low of $56.24 and a 52-week high of $67.29.

General American Investors Company 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.