Saba Capital Management LP Stake in General Amern Invs INC (GAM) Has Decreased as Share Price Declined

April 16, 2018 - By Robert Crowder

Investors sentiment increased to 2.05 in Q4 2017. Its up 1.27, from 0.78 in 2017Q3. It improved, as 2 investors sold GAM shares while 18 reduced holdings. 9 funds opened positions while 32 raised stakes. 6.48 million shares or 11.86% less from 7.35 million shares in 2017Q3 were reported. Landscape Capital Management Ltd Limited Liability Company invested 0.08% of its portfolio in General American Investors Company, Inc. (NYSE:GAM). Sg Americas Secs Limited Com reported 15,176 shares. Overbrook Mgmt holds 0.75% or 107,361 shares in its portfolio. Brinker Inc reported 22,930 shares or 0.03% of all its holdings. Tci Wealth Advisors has invested 0.05% of its portfolio in General American Investors Company, Inc. (NYSE:GAM). Geode Cap Ltd Llc reported 171,636 shares. Cannell Peter B accumulated 37,655 shares. Moreover, Stratos Wealth Limited has 0.02% invested in General American Investors Company, Inc. (NYSE:GAM). Blue Bell Private Wealth has invested 10.03% in General American Investors Company, Inc. (NYSE:GAM). Raymond James has 459,098 shares for 0.03% of their portfolio. Fifth Third State Bank owns 0% invested in General American Investors Company, Inc. (NYSE:GAM) for 195 shares. Baker Ellis Asset Limited Liability Corp has invested 0.05% of its portfolio in General American Investors Company, Inc. (NYSE:GAM). Css Lc Il owns 0.05% invested in General American Investors Company, Inc. (NYSE:GAM) for 28,269 shares. Janney Montgomery Scott Limited Liability owns 6,648 shares for 0% of their portfolio. Moreover, 1607 Partners Lc has 0.71% invested in General American Investors Company, Inc. (NYSE:GAM).

Since December 14, 2017, it had 7 insider buys, and 1 insider sale for $368,862 activity. 4,000 shares valued at $144,716 were sold by BERENS RODNEY B on Thursday, January 25. Priest Jeffrey W also bought $132,620 worth of General American Investors Company, Inc. (NYSE:GAM) shares. The insider Majmudar Anang K. bought 225 shares worth $7,445. $197,991 worth of General American Investors Company, Inc. (NYSE:GAM) was bought by DAVIDSON SPENCER.

Boaz Weinstein decreased its stake in General Amern Invs Inc (GAM) by 39.51% based on its latest 2017Q4 regulatory filing with the SEC. Saba Capital Management Lp sold 413,350 shares as the company’s stock declined 1.96% with the market. The hedge fund run by Boaz Weinstein held 632,876 shares of the company at the end of 2017Q4, valued at $21.77M, down from 1.05 million at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in General Amern Invs Inc for a number of months, seems to be less bullish one the $886.90 million market cap company. The stock increased 0.04% or $0.01 during the last trading session, reaching $33.86. About 5,163 shares traded. General American Investors Company, Inc. (NYSE:GAM) has risen 9.16% since April 16, 2017 and is uptrending. It has underperformed by 2.39% the S&P500.

Saba Capital Management Lp, which manages about $7.93 billion and $1.28B US Long portfolio, upped its stake in Mbia Inc (Put) (NYSE:MBI) by 5.15 million shares to 8.16M shares, valued at $45.17 million in 2017Q4, according to the filing. It also increased its holding in Western Asset Hgh Yld Dfndfd (HYI) by 288,335 shares in the quarter, for a total of 414,698 shares, and has risen its stake in Alpine Total Dynamic Divid F (AOD).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: