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 14.56% during the most recent quarter end. The investment management company now holds a total of 234,207 shares of General American Investors Co. which is valued at $7,054,315 after selling 39,919 shares in General American Investors Co. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General American Investors Co. makes up approximately 1.59% of Overbrook Management Corp’s portfolio.

Other Hedge Funds, Including , Thomas J. Herzfeld Advisors boosted its stake in GAM in the latest quarter, The investment management firm added 1,945 additional shares and now holds a total of 116,186 shares of General American Investors Co. which is valued at $3,499,522. General American Investors Co. makes up approx 1.92% of Thomas J. Herzfeld Advisors’s portfolio.Mraz Amerine Associates reduced its stake in GAM by selling 835 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 148,887 shares of GAM which is valued at $4,770,488. General American Investors Co. makes up approx 1.66% of Mraz Amerine Associates’s portfolio.Columbia Asset Management boosted its stake in GAM in the latest quarter, The investment management firm added 60,000 additional shares and now holds a total of 79,125 shares of General American Investors Co. which is valued at $2,467,118. General American Investors Co. makes up approx 0.04% of Columbia Asset Management’s portfolio.Doliver Capital Advisors reduced its stake in GAM by selling 342 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 51,563 shares of GAM which is valued at $1,617,531. General American Investors Co. makes up approx 1.43% of Doliver Capital Advisors’s portfolio.

General American Investors Co. opened for trading at $30.45 and hit $30.6 on the upside on Monday, eventually ending the session at $30.43, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 1,50,116 shares. Company has a market cap of $892 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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