Overbrook Management Corp Lowers stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Overbrook Management Corp reduced its stake in General American Investors Co. by 19.5% during the most recent quarter end. The investment management company now holds a total of 274,126 shares of General American Investors Co. which is valued at $9,026,969 after selling 66,400 shares in General American Investors Co. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.General American Investors Co. makes up approximately 1.78% of Overbrook Management Corp’s portfolio.

Other Hedge Funds, Including , 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.Gramercy Funds Management reduced its stake in GAM by selling 17,348 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 709,309 shares of GAM which is valued at $23,357,545. General American Investors Co. makes up approx 9.33% of Gramercy Funds Management’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.Shaker Financial Services boosted its stake in GAM in the latest quarter, The investment management firm added 73,991 additional shares and now holds a total of 148,002 shares of General American Investors Co. which is valued at $4,805,625. General American Investors Co. makes up approx 3.24% of Shaker Financial Services’s portfolio.

General American Investors Co. opened for trading at $33.07 and hit $33.28 on the upside on Tuesday, eventually ending the session at $33.25, with a gain of 0.57% or 0.19 points. The heightened volatility saw the trading volume jump to 87,857 shares. Company has a market cap of $975 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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