Short Interest in General American Investors, Inc. (NYSE:GAM) Increases By 151.9%

General American Investors, Inc. (NYSE:GAM) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 18,982 shares, an increase of 151.9% from the January 15th total of 7,536 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 42,656 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 42,656 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

General American Investors Stock Performance

General American Investors stock traded up $0.00 during trading hours on Friday, reaching $61.03. The stock had a trading volume of 58,845 shares, compared to its average volume of 29,137. The business’s 50 day moving average price is $59.86 and its 200-day moving average price is $60.40. General American Investors has a 52 week low of $41.80 and a 52 week high of $64.40.

Insider Buying and Selling

In related news, insider Anang K. Majmudar purchased 1,700 shares of General American Investors stock in a transaction dated Tuesday, February 3rd. The stock was purchased at an average cost of $25.00 per share, with a total value of $42,500.00. Following the transaction, the insider owned 9,405 shares in the company, valued at approximately $235,125. The trade was a 22.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eugene S. Stark acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average cost of $24.98 per share, for a total transaction of $99,920.00. Following the transaction, the vice president owned 24,000 shares of the company’s stock, valued at $599,520. This represents a 20.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 6,895 shares of company stock valued at $172,293 in the last three months. 8.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General American Investors

Several institutional investors have recently bought and sold shares of GAM. Royal Bank of Canada grew its holdings in General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after purchasing an additional 54,223 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of General American Investors by 5.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,220 shares of the investment management company’s stock worth $629,000 after purchasing an additional 591 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in General American Investors by 10.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 367,595 shares of the investment management company’s stock worth $20,600,000 after buying an additional 33,338 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in General American Investors by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 34,381 shares of the investment management company’s stock worth $1,927,000 after buying an additional 2,810 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in General American Investors during the 2nd quarter valued at about $203,000. 36.85% of the stock is currently owned by institutional investors and hedge funds.

General American Investors Company Profile

General American Investors Company, Inc is a diversified closed-end management investment company listed on the New York Stock Exchange under the ticker GAM. The firm primarily allocates capital to equity and equity-related securities of publicly traded companies, aiming to generate long-term capital appreciation for its shareholders. Its flexible mandate allows investment across a broad range of industries and market capitalizations.

The company follows a value-oriented, fundamental research approach, conducting in-depth analysis to identify undervalued businesses with strong growth potential.