Karpus Management buys $49,627,683 stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Karpus Management scooped up 3,169 additional shares in General American Investors Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,507,066 shares of General American Investors Co. which is valued at $49,627,683.General American Investors Co. makes up approximately 2.15% of Karpus Management’s portfolio.

Other Hedge Funds, Including , Relative Value Partners Group boosted its stake in GAM in the latest quarter, The investment management firm added 27,297 additional shares and now holds a total of 188,113 shares of General American Investors Co. which is valued at $6,194,561. General American Investors Co. makes up approx 0.72% of Relative Value Partners Group’s portfolio. Tfs Capital added GAM to its portfolio by purchasing 11,534 company shares during the most recent quarter which is valued at $379,815. General American Investors Co. makes up approx 0.07% of Tfs Capital’s portfolio.Raymond James Associates boosted its stake in GAM in the latest quarter, The investment management firm added 1,748 additional shares and now holds a total of 383,001 shares of General American Investors Co. which is valued at $12,612,223. General American Investors Co. makes up approx 0.04% of Raymond James Associates’s portfolio.Cornerstone Advisors Inc boosted its stake in GAM in the latest quarter, The investment management firm added 4,200 additional shares and now holds a total of 235,121 shares of General American Investors Co. which is valued at $7,742,535. General American Investors Co. makes up approx 1.84% of Cornerstone Advisors Inc’s portfolio.Mraz Amerine Associates boosted its stake in GAM in the latest quarter, The investment management firm added 1,997 additional shares and now holds a total of 149,722 shares of General American Investors Co. which is valued at $4,850,993. General American Investors Co. makes up approx 1.69% of Mraz Amerine Associates’s portfolio.

General American Investors Co. opened for trading at $32.91 and hit $33.01 on the upside on Thursday, eventually ending the session at $32.96, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 52,462 shares. Company has a market cap of $967 M.

General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.

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