Short Interest in General American Investors Company, Inc. (NYSE:GAM) Sees Significant Rise of 109.3%

General American Investors Company, Inc. (NYSE:GAM) experienced a notable rise in short interest during March. As of March 15th, the total short interest reached 9,000 shares, marking a substantial increase of 109.3% from the February 28th count of 4,300 shares. With an average daily trading volume of 26,600 shares, the current short-interest ratio stands at 0.3 days.

General American Investors Stock Decline

On Friday, shares of NYSE:GAM dipped by 1.2%, falling $0.62 to $50.52 during midday trading. The trading volume for the day was 22,291 shares, lower than the average of 30,027 shares. Over the past year, General American Investors has recorded a low of $44.54 and a high of $55.44. The stock’s 50-day moving average is $51.59, while its 200-day moving average is $52.14.

Dividend Update from General American Investors

Recently, the company announced a dividend, which was paid on Friday, March 7th. Shareholders who were on record by Monday, February 24th, received a dividend of $0.25, reflecting a yield of 0.9%. The ex-dividend date for this payment was the same day.

Insider Activity at General American Investors

In related news, Vice President Eugene S. Stark bought 2,500 shares of the company on Thursday, March 6th, at an average price of $25.00 per share, totaling $62,500. Following this acquisition, the vice president now holds 14,500 shares valued at approximately $362,500, representing a 20.83% increase in their ownership stake. This transaction has been filed with the Securities and Exchange Commission. In the past ninety days, insiders have purchased a total of 3,827 shares worth $95,641, holding 8.33% of the company's stock overall.

Institutional Investments in General American Investors

Several hedge funds and institutional investors have adjusted their positions in General American Investors recently. Armstrong Advisory Group Inc. initiated a new stake in the company during the fourth quarter, valued at around $52,000. PNC Financial Services Group Inc. raised its holdings by 8.6%, leading to ownership of 2,490 shares worth $127,000 after acquiring an additional 197 shares. Similarly, Tyler Stone Wealth Management increased its position by 8.5%, owning 4,878 shares now valued at $249,000 after purchasing 384 additional shares. Stratos Wealth Partners LTD. also grew its stake by 8.0%, owning 5,035 shares valued at $257,000, while Integrated Capital Management Inc. raised its stake by 22.1%, now holding 5,196 shares worth $265,000. Overall, institutional investors and hedge funds account for 36.85% of General American Investors' stock.

Overview of General American Investors Company

General American Investors Company, Inc. is a public investment management firm. The company primarily invests in the United States public equity markets, focusing on growth stocks across various sectors including Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy, and Materials.

Investors, Stocks, Short