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

General American Investors Company, Inc. (NYSE:GAM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 35,000 shares, a growth of 224.1% from the November 30th total of 10,800 shares. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is presently 1.0 days.

General American Investors Trading Up 0.1 %

NYSE:GAM traded up $0.03 during trading hours on Friday, reaching $51.42. The company’s stock had a trading volume of 26,749 shares, compared to its average volume of 28,365. General American Investors has a one year low of $41.88 and a one year high of $55.44. The business’s 50-day moving average is $52.32 and its 200-day moving average is $51.80.

General American Investors Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, November 18th. This represents a dividend yield of 0.8%.

Insider Buying and Selling at General American Investors

In other General American Investors news, CEO Jeffrey W. Priest purchased 6,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the purchase, the chief executive officer now directly owns 15,392 shares in the company, valued at $384,800. This trade represents a 63.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 6,573 shares of company stock worth $175,140 over the last 90 days. 8.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GAM. HighTower Advisors LLC lifted its stake in shares of General American Investors by 7.7% in the third quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company’s stock worth $1,157,000 after buying an additional 1,537 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in General American Investors in the 3rd quarter worth $1,769,000. Advisors Asset Management Inc. acquired a new position in General American Investors during the 3rd quarter worth $1,490,000. Pathstone Holdings LLC boosted its holdings in General American Investors by 31.9% during the third quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after acquiring an additional 79,975 shares during the period. Finally, Schrum Private Wealth Management LLC grew its position in shares of General American Investors by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 10,124 shares of the investment management company’s stock valued at $543,000 after purchasing an additional 5,062 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

General American Investors Company Profile

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.