Cambridge Investment Research Advisors Inc. cut its stake in General American Investors, Inc. (NYSE:GAM) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,842 shares of the investment management company’s stock after selling 875 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in General American Investors were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Manhattan Co. lifted its position in General American Investors by 14.8% during the second quarter. First Manhattan Co. now owns 18,812 shares of the investment management company’s stock valued at $646,000 after buying an additional 2,420 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in General American Investors during the second quarter valued at approximately $200,000. First Trust Advisors LP lifted its position in General American Investors by 13.0% during the second quarter. First Trust Advisors LP now owns 51,941 shares of the investment management company’s stock valued at $1,784,000 after buying an additional 5,962 shares in the last quarter. Shaker Financial Services LLC lifted its position in General American Investors by 23.4% during the second quarter. Shaker Financial Services LLC now owns 179,456 shares of the investment management company’s stock valued at $6,164,000 after buying an additional 34,056 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in General American Investors by 11.7% during the second quarter. Blue Bell Private Wealth Management LLC now owns 562,053 shares of the investment management company’s stock valued at $19,307,000 after buying an additional 58,875 shares in the last quarter. 25.74% of the stock is currently owned by institutional investors and hedge funds.

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General American Investors, Inc. (NYSE GAM) opened at 35.34 on Tuesday. The firm has a market capitalization of $947.50 million, a PE ratio of 6.24 and a beta of 1.19. The firm’s 50-day moving average is $34.71 and its 200-day moving average is $34.20. General American Investors, Inc. has a 12 month low of $28.72 and a 12 month high of $35.45.

General American Investors Company Profile

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Institutional Ownership by Quarter for General American Investors (NYSE:GAM)

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