Parametric Portfolio Associates LLC Acquires 9,097 Shares of General American Investors Company, Inc. (NYSE:GAM)

Parametric Portfolio Associates LLC grew its position in General American Investors Company, Inc. (NYSE:GAM) by 2.4% during the second quarter, HoldingsChannel reports. The firm owned 383,835 shares of the investment management company’s stock after buying an additional 9,097 shares during the period. Parametric Portfolio Associates LLC’s holdings in General American Investors were worth $16,666,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley lifted its position in shares of General American Investors by 7.3% during the 2nd quarter. Morgan Stanley now owns 91,432 shares of the investment management company’s stock valued at $3,970,000 after acquiring an additional 6,232 shares during the period. Walleye Capital LLC lifted its position in shares of General American Investors by 11.3% during the 2nd quarter. Walleye Capital LLC now owns 20,177 shares of the investment management company’s stock valued at $876,000 after acquiring an additional 2,045 shares during the period. Royal Bank of Canada lifted its position in shares of General American Investors by 2.9% during the 2nd quarter. Royal Bank of Canada now owns 72,214 shares of the investment management company’s stock valued at $3,135,000 after acquiring an additional 2,036 shares during the period. LPL Financial LLC acquired a new position in shares of General American Investors during the 2nd quarter valued at $216,000. Finally, Stifel Financial Corp lifted its position in shares of General American Investors by 11.5% during the 2nd quarter. Stifel Financial Corp now owns 21,260 shares of the investment management company’s stock valued at $923,000 after acquiring an additional 2,187 shares during the period. 22.20% of the stock is currently owned by institutional investors.

General American Investors stock opened at $43.43 on Thursday. General American Investors Company, Inc. has a 12-month low of $35.56 and a 12-month high of $46.75. The company’s fifty day moving average is $44.42.

The firm also recently disclosed an annual dividend, which will be paid on Thursday, December 30th. Shareholders of record on Monday, November 15th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 12th. This represents a yield of 0.78%.

General American Investors Profile

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.

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Institutional Ownership by Quarter for General American Investors (NYSE:GAM)

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