Evolve Private Wealth LLC Takes Position in General American Investors, Inc. $GAM

Evolve Private Wealth LLC acquired a new stake in General American Investors, Inc. (NYSE:GAM) in the 2nd quarter, Holdings Channel reports. The fund acquired 38,203 shares of the investment management company’s stock, valued at approximately $2,435,000.

A number of other institutional investors also recently bought and sold shares of the stock. Compass Wealth Management LLC acquired a new position in General American Investors during the 2nd quarter valued at approximately $309,000. IMC Chicago LLC purchased a new stake in shares of General American Investors during the second quarter valued at $314,000. Quad Cities Investment Group LLC purchased a new stake in shares of General American Investors during the second quarter valued at $207,000. Lazard Asset Management LLC increased its position in shares of General American Investors by 13.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock valued at $92,422,000 after acquiring an additional 183,051 shares during the period. Finally, First Trust Advisors LP increased its position in shares of General American Investors by 10.1% in the 1st quarter. First Trust Advisors LP now owns 42,898 shares of the investment management company’s stock valued at $2,508,000 after acquiring an additional 3,940 shares during the period. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Performance

Shares of GAM stock opened at $67.62 on Friday. The business has a fifty day moving average of $64.98 and a 200 day moving average of $63.07. General American Investors, Inc. has a 1 year low of $56.24 and a 1 year high of $68.57.

About General American Investors

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.