General American Investors Co. (GAM) : Deschutes Portfolio Strategy scooped up 24,400 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 Jul 15, 2016. The investment management firm now holds a total of 175,600 shares of General American Investors Co. which is valued at $5,629,736.General American Investors Co. makes up approximately 3.00% of Deschutes Portfolio Strategy’s portfolio.
Other Hedge Funds, Including , First Manhattan Co reduced its stake in GAM by selling 3,000 shares or 16.75% in the most recent quarter. The Hedge Fund company now holds 14,911 shares of GAM which is valued at $478,047.Neville Rodie Shaw Inc reduced its stake in GAM by selling 13,473 shares or 26.53% in the most recent quarter. The Hedge Fund company now holds 37,307 shares of GAM which is valued at $1,188,228. General American Investors Co. makes up approx 0.14% of Neville Rodie Shaw Inc’s portfolio.Banced Corp boosted its stake in GAM in the latest quarter, The investment management firm added 18,540 additional shares and now holds a total of 28,867 shares of General American Investors Co. which is valued at $919,414. General American Investors Co. makes up approx 1.60% of Banced Corp’s portfolio.
General American Investors Co. opened for trading at $31.97 and hit $32.12 on the upside on Monday, eventually ending the session at $32.06, with a gain of 0.28% or 0.09 points. The heightened volatility saw the trading volume jump to 27,928 shares. Company has a market cap of $940 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.