Short Interest in General American Investors Company, Inc. (NYSE:GAM) Increases By 224.1%

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

Insider Buying and Selling

In related news, CEO Jeffrey W. Priest acquired 6,000 shares of General American Investors stock in a transaction on Monday, December 16th. The stock was acquired 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 owns 15,392 shares of the company’s stock, valued at approximately $384,800. This represents a 63.88 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 6,573 shares of company stock worth $175,140. 8.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On General American Investors

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in General American Investors by 122.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 686 shares of the investment management company’s stock worth $34,000 after purchasing an additional 378 shares during the period. Farther Finance Advisors LLC acquired a new stake in General American Investors in the third quarter valued at approximately $59,000. Eastern Bank purchased a new stake in shares of General American Investors in the third quarter valued at approximately $92,000. Tyler Stone Wealth Management raised its stake in shares of General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock worth $241,000 after buying an additional 2,247 shares during the period. Finally, Pinnacle Associates Ltd. purchased a new position in shares of General American Investors during the 3rd quarter valued at approximately $422,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Stock Up 0.1 %

General American Investors stock traded up $0.03 during midday trading on Friday, hitting $51.42. 26,749 shares of the company were exchanged, compared to its average volume of 28,365. The business has a fifty day simple moving average of $52.32 and a two-hundred day simple moving average of $51.80. General American Investors has a fifty-two week low of $41.88 and a fifty-two week high of $55.44.

General American Investors Dividend Announcement

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

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.