Gramercy Funds Management buys $22.1 Million stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Gramercy Funds Management scooped up 2,522 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 May 12, 2016. The investment management firm now holds a total of 726,657 shares of General American Investors Co. which is valued at $22.1 Million.General American Investors Co. makes up approximately 6.28% of Gramercy Funds Management’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in GAM in the latest quarter, The investment management firm added 24,687 additional shares and now holds a total of 381,253 shares of General American Investors Co. which is valued at $11.6 Million. General American Investors Co. makes up approx 0.04% of Raymond James Associates’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in GAM in the latest quarter, The investment management firm added 2,882 additional shares and now holds a total of 17,287 shares of General American Investors Co. which is valued at $525,698. General American Investors Co. makes up approx 0.05% of Stratos Wealth Partners Ltd.’s portfolio.Cambridge Investment Research Advisors boosted its stake in GAM in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 11,107 shares of General American Investors Co. which is valued at $341,318. General American Investors Co. makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Doliver Capital Advisors boosted its stake in GAM in the latest quarter, The investment management firm added 10,339 additional shares and now holds a total of 36,047 shares of General American Investors Co. which is valued at $1.1 Million. General American Investors Co. makes up approx 0.97% of Doliver Capital Advisors’s portfolio.

General American Investors Co. opened for trading at $30.37 and hit $30.62 on the upside on Friday, eventually ending the session at $30.49, with a gain of 0.76% or 0.2299 points. The heightened volatility saw the trading volume jump to 5,346 shares. Company has a market cap of $894 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.

Leave a Reply

General American Investors Co. - Is it time to Sell?

Top Brokerage Firms are advising their investors on General American Investors Co.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.