Evolve Private Wealth LLC Acquires Shares of 38,203 General American Investors, Inc. $GAM

Evolve Private Wealth LLC bought a new position in shares of General American Investors, Inc. (NYSE:GAM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 38,203 shares of the investment management company’s stock, valued at approximately $2,435,000. Evolve Private Wealth LLC owned 0.16% of General American Investors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Birchwood Financial Partners Inc. bought a new position in General American Investors in the fourth quarter worth approximately $54,000. PNC Financial Services Group Inc. grew its position in shares of General American Investors by 10.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock worth $163,000 after buying an additional 273 shares in the last quarter. Harbour Investments Inc. grew its position in shares of General American Investors by 10.9% during the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock worth $177,000 after buying an additional 297 shares in the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of General American Investors in the second quarter valued at about $207,000. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new stake in General American Investors in the third quarter worth about $211,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Trading Up 0.8%

Shares of General American Investors stock opened at $67.62 on Friday. The firm’s 50-day moving average is $64.98 and its two-hundred day moving average is $63.07. General American Investors, Inc. has a 1 year low of $56.24 and a 1 year high of $68.57.

General American Investors Company Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.