General American Investors Company, Inc. (NYSE:GAM) Short Interest Update

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

Insider Activity at General American Investors

In related news, CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,392 shares in the company, valued at approximately $384,800. This represents a 63.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 6,573 shares of company stock worth $175,140 over the last three months. 8.30% of the stock is owned by corporate insiders.

Institutional Trading of General American Investors

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

General American Investors Stock Up 0.1 %

Shares of General American Investors stock traded up $0.03 on Friday, reaching $51.42. The stock had a trading volume of 26,749 shares, compared to its average volume of 28,365. The company has a 50 day moving average price of $52.32 and a 200 day moving average price of $51.80. General American Investors has a 1 year low of $41.88 and a 1 year high of $55.44.

General American Investors Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, November 18th were issued a $0.45 dividend. This represents a 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.