General American Investors, Inc. (NYSE:GAM) Sees Significant Decrease in Short Interest

General American Investors, Inc. (NYSE:GAM) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 7,536 shares, a decrease of 25.7% from the December 31st total of 10,147 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 48,077 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 48,077 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

General American Investors Trading Down 0.2%

GAM stock traded down $0.12 during midday trading on Friday, hitting $60.77. The company’s stock had a trading volume of 17,768 shares, compared to its average volume of 42,679. General American Investors has a 12 month low of $41.80 and a 12 month high of $64.40. The company has a 50 day moving average of $59.32 and a two-hundred day moving average of $60.18.

General American Investors Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, November 17th were issued a $6.40 dividend. This represents a dividend yield of 1,125.0%. This is a boost from General American Investors’s previous annual dividend of $0.45. The ex-dividend date of this dividend was Monday, November 17th.

Insider Activity at General American Investors

In other news, VP Eugene S. Stark bought 4,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average price of $24.98 per share, for a total transaction of $99,920.00. Following the purchase, the vice president owned 24,000 shares in the company, valued at $599,520. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have acquired 4,100 shares of company stock worth $102,418. 8.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On General American Investors

Several institutional investors have recently bought and sold shares of GAM. Allspring Global Investments Holdings LLC boosted its holdings in shares of General American Investors by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company’s stock worth $24,748,000 after purchasing an additional 30,217 shares during the period. Advisors Asset Management Inc. boosted its position in shares of General American Investors by 3.4% during the second quarter. Advisors Asset Management Inc. now owns 80,706 shares of the investment management company’s stock valued at $4,523,000 after buying an additional 2,676 shares during the period. Bank of Montreal Can purchased a new position in shares of General American Investors during the second quarter valued at approximately $203,000. Prospera Financial Services Inc bought a new position in shares of General American Investors during the second quarter valued at approximately $203,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of General American Investors by 8.9% in the second 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 period. Institutional investors own 36.85% of the company’s stock.

About General American Investors

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.