General American Investors Company, Inc. (NYSE:GAM) Short Interest Update

General American Investors Company, Inc. (NYSE:GAM) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,100 shares, a decrease of 73.1% from the January 31st total of 7,800 shares. Based on an average trading volume of 26,300 shares, the short-interest ratio is currently 0.1 days.

Insider Buying and Selling

In other General American Investors news, CEO Jeffrey W. Priest purchased 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the transaction, the chief executive officer now directly owns 15,392 shares in the company, valued at approximately $384,800. The trade was a 63.88 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired a total of 7,250 shares of company stock worth $192,031 in the last three months. Insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GAM. Pinnacle Associates Ltd. bought a new position in General American Investors in the 3rd quarter valued at $422,000. Farther Finance Advisors LLC bought a new position in General American Investors in the 3rd quarter valued at $59,000. Tyler Stone Wealth Management boosted its position in General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after buying an additional 2,247 shares during the last quarter. Schrum Private Wealth Management LLC boosted its position in General American Investors by 100.0% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company’s stock valued at $543,000 after buying an additional 5,062 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in General American Investors by 31.9% in the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after buying an additional 79,975 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors.

General American Investors Stock Down 0.3 %

GAM traded down $0.14 during mid-day trading on Friday, reaching $50.93. The stock had a trading volume of 76,968 shares, compared to its average volume of 24,335. The firm’s fifty day simple moving average is $51.95 and its two-hundred day simple moving average is $52.37. General American Investors has a 52 week low of $44.44 and a 52 week high of $55.44.

General American Investors Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be given a $0.25 dividend. The ex-dividend date is Monday, February 24th. This represents a yield of 0.9%.

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.