Capstone Investment Advisors LLC Invests $2.29 Million in General American Investors, Inc. $GAM

Capstone Investment Advisors LLC bought a new position in shares of General American Investors, Inc. (NYSE:GAM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,841 shares of the investment management company’s stock, valued at approximately $2,285,000. Capstone Investment Advisors LLC owned 0.15% of General American Investors at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Birchwood Financial Partners Inc. purchased a new stake in General American Investors in the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. raised its stake 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 acquiring an additional 273 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in General American Investors in the 2nd quarter valued at about $169,000. Harbour Investments Inc. lifted its stake in 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 worth $177,000 after acquiring an additional 297 shares during the last quarter. Finally, Quad Cities Investment Group LLC purchased a new stake in shares of General American Investors in the 2nd quarter valued at approximately $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 $67.47 on Friday. General American Investors, Inc. has a twelve month low of $56.24 and a twelve month high of $68.57. The firm’s fifty day simple moving average is $65.26 and its 200-day simple moving average is $63.28.

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.