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

General American Investors, Inc. (NYSE:GAM) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 15,176 shares, an increase of 440.6% from the April 15th total of 2,807 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 22,299 shares, the short-interest ratio is currently 0.7 days.

Insider Activity

In related news, VP Eugene S. Stark acquired 6,151 shares of the stock in a transaction dated Wednesday, April 8th. The stock was bought at an average cost of $24.86 per share, for a total transaction of $152,913.86. Following the completion of the transaction, the vice president directly owned 34,000 shares of the company’s stock, valued at $845,240. The trade was a 22.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought 10,662 shares of company stock worth $265,178 in the last ninety days. 7.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On General American Investors

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in shares of General American Investors by 20.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 97,440 shares of the investment management company’s stock valued at $6,062,000 after purchasing an additional 16,734 shares in the last quarter. Waller Financial Planning Group Inc. bought a new stake in General American Investors in the fourth quarter worth approximately $1,149,000. Shaker Financial Services LLC acquired a new position in General American Investors in the fourth quarter valued at approximately $1,714,000. Neville Rodie & Shaw Inc. lifted its stake in General American Investors by 999.4% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 294,147 shares of the investment management company’s stock valued at $17,275,000 after buying an additional 267,392 shares during the period. Finally, King Luther Capital Management Corp bought a new position in shares of General American Investors during the 3rd quarter worth approximately $1,438,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Stock Down 0.0%

General American Investors stock traded down $0.01 during mid-day trading on Thursday, hitting $64.27. 7,866 shares of the stock were exchanged, compared to its average volume of 24,245. General American Investors has a 12 month low of $52.69 and a 12 month high of $66.18. The firm’s fifty day simple moving average is $61.66 and its two-hundred day simple moving average is $60.81.

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.