Almitas Capital LLC Reduces Stock Holdings in General American Investors Company, Inc. (NYSE:GAM)

Almitas Capital LLC lowered its position in General American Investors Company, Inc. (NYSE:GAM) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,058 shares of the investment management company’s stock after selling 10,015 shares during the quarter. General American Investors comprises about 1.4% of Almitas Capital LLC’s holdings, making the stock its 22nd biggest holding. Almitas Capital LLC owned approximately 0.28% of General American Investors worth $3,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in General American Investors by 5.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 730,417 shares of the investment management company’s stock valued at $33,972,000 after buying an additional 37,871 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in General American Investors by 111.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 43,251 shares of the investment management company’s stock valued at $1,858,000 after buying an additional 22,813 shares during the last quarter. Wolverine Asset Management LLC lifted its position in General American Investors by 22.8% in the second quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company’s stock valued at $3,396,000 after buying an additional 12,663 shares during the last quarter. Cornerstone Advisors LLC lifted its position in General American Investors by 24.8% in the second quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock valued at $21,974,000 after buying an additional 87,843 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of General American Investors during the first quarter worth about $343,000. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Price Performance

Shares of GAM opened at $53.63 on Friday. General American Investors Company, Inc. has a 1 year low of $39.12 and a 1 year high of $54.19. The company’s 50-day simple moving average is $51.77 and its 200-day simple moving average is $49.16.

About General American Investors

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.