Short Interest in General American Investors Company, Inc. (NYSE:GAM) Expands By 109.3%

General American Investors Company, Inc. (NYSE:GAM) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,000 shares, a growth of 109.3% from the February 28th total of 4,300 shares. Based on an average daily trading volume, of 26,600 shares, the days-to-cover ratio is presently 0.3 days.

Insiders Place Their Bets

In other General American Investors news, VP Eugene S. Stark bought 2,500 shares of General American Investors stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $25.00 per share, with a total value of $62,500.00. Following the acquisition, the vice president now directly owns 14,500 shares of the company’s stock, valued at $362,500. The trade was a 20.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have bought 3,827 shares of company stock valued at $95,641. 8.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General American Investors

A number of institutional investors have recently modified their holdings of GAM. Capstone Investment Advisors LLC acquired a new stake in shares of General American Investors in the third quarter valued at approximately $1,769,000. HighTower Advisors LLC raised its position in shares of General American Investors by 7.7% during the third quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock worth $1,157,000 after acquiring an additional 1,537 shares during the last quarter. Integrated Capital Management Inc. lifted its stake in shares of General American Investors by 22.1% during the fourth quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company’s stock valued at $265,000 after acquiring an additional 940 shares during the period. Park Avenue Securities LLC boosted its holdings in General American Investors by 19.2% in the fourth quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company’s stock valued at $1,516,000 after acquiring an additional 4,782 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new stake in General American Investors in the fourth quarter worth about $52,000. 36.85% of the stock is owned by institutional investors.

General American Investors Price Performance

General American Investors stock traded down $0.62 on Friday, reaching $50.52. The company’s stock had a trading volume of 22,291 shares, compared to its average volume of 30,027. General American Investors has a twelve month low of $44.54 and a twelve month high of $55.44. The business’s fifty day moving average price is $51.59 and its 200 day moving average price is $52.14.

General American Investors Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.25 per share. This represents a yield of 0.9%. The ex-dividend date was Monday, February 24th.

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.