Kelman Lazarov Inc. decreased its position in General American Investors Company Inc (NYSE:GAM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,587 shares of the investment management company’s stock after selling 515 shares during the period. Kelman Lazarov Inc.’s holdings in General American Investors were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Walleye Trading Advisors LLC bought a new position in General American Investors in the second quarter worth approximately $266,000. Bank of America Corp DE raised its stake in General American Investors by 15.7% in the second quarter. Bank of America Corp DE now owns 167,425 shares of the investment management company’s stock worth $5,942,000 after buying an additional 22,703 shares in the last quarter. City of London Investment Management Co. Ltd. bought a new position in General American Investors in the second quarter worth approximately $294,000. Rockefeller Capital Management L.P. raised its stake in General American Investors by 305.2% in the second quarter. Rockefeller Capital Management L.P. now owns 863 shares of the investment management company’s stock worth $31,000 after buying an additional 650 shares in the last quarter. Finally, Shaker Financial Services LLC raised its stake in General American Investors by 48.8% in the second quarter. Shaker Financial Services LLC now owns 121,093 shares of the investment management company’s stock worth $4,298,000 after buying an additional 39,701 shares in the last quarter. Hedge funds and other institutional investors own 19.54% of the company’s stock.

NYSE:GAM traded up $0.04 during trading hours on Wednesday, reaching $36.29. The company’s stock had a trading volume of 243 shares, compared to its average volume of 48,070. General American Investors Company Inc has a 12 month low of $27.00 and a 12 month high of $37.00. The stock has a 50 day moving average price of $36.08 and a two-hundred day moving average price of $35.28.

In related news, Director Rodney B. Berens sold 1,085 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.72, for a total value of $39,841.20. Following the completion of the transaction, the director now owns 4,900 shares of the company’s stock, valued at $179,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.04% of the company’s stock.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets. It invests in growth stocks of companies. The firm employs fundamental analysis with a bottom-up stock picking approach to make its investments. General American Investors Company, Inc was founded in 1927 and is based in New York, New York.

Further Reading: Dividend Aristocrat Index

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

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