General American Investors Company, Inc. (NYSE:GAM) Stock Position Decreased by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in shares of General American Investors Company, Inc. (NYSE:GAM – Get Rating) by 30.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,946 shares of the investment management company’s stock after selling 5,993 shares during the period. Guggenheim Capital LLC owned 0.06% of General American Investors worth $472,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC grew its position in General American Investors by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 1,314,303 shares of the investment management company’s stock worth $55,818,000 after purchasing an additional 18,292 shares during the last quarter. UBS Group AG grew its position in General American Investors by 88.4% in the 1st quarter. UBS Group AG now owns 18,949 shares of the investment management company’s stock worth $805,000 after purchasing an additional 8,892 shares during the last quarter. Bank of America Corp DE grew its position in General American Investors by 6.9% in the 1st quarter. Bank of America Corp DE now owns 181,198 shares of the investment management company’s stock worth $7,695,000 after purchasing an additional 11,630 shares during the last quarter. Envestnet Asset Management Inc. grew its position in General American Investors by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 34,343 shares of the investment management company’s stock worth $1,214,000 after purchasing an additional 1,834 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in General American Investors in the 2nd quarter worth about $343,000. Institutional investors own 22.63% of the company’s stock.

General American Investors Stock Performance

NYSE GAM opened at $36.82 on Friday. General American Investors Company, Inc. has a 52 week low of $33.23 and a 52 week high of $42.92. The company has a 50-day moving average price of $38.12 and a two-hundred day moving average price of $36.92.

General American Investors Profile

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General American Investors Company, Inc is a diversified, closed-end management investment company. The primary objective of the Company is long-term capital appreciation. The Company invests principally in common stocks. The Company may purchase and write (sell) put and call options. The Company has internally managed a global portfolio of investments, consisting of common stocks of the United States companies, including international and private securities.