General American Investors Company, Inc. (NYSE:GAM) Sees Large Increase in Short Interest

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 18,200 shares, an increase of 95.7% from the April 30th total of 9,300 shares. Based on an average trading volume of 25,000 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company's shares are sold short.

Insider Activity at General American Investors

In related news, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $24.62, for a total transaction of $49,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey W. Priest bought 1,735 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were acquired at an average cost of $24.75 per share, with a total value of $42,941.25. Following the purchase, the chief executive officer now directly owns 17,127 shares of the company's stock, valued at approximately $423,893.25. This represents a 11.27% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 7,026 shares of company stock worth $174,731 and have sold 32,599 shares worth $808,839. 8.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in General American Investors by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,328 shares of the investment management company's stock worth $527,000 after acquiring an additional 414 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of General American Investors by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock valued at $257,000 after purchasing an additional 372 shares in the last quarter. Savant Capital LLC increased its holdings in General American Investors by 8.1% in the 4th quarter. Savant Capital LLC now owns 9,221 shares of the investment management company's stock worth $470,000 after buying an additional 689 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in General American Investors by 37.2% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,134 shares of the investment management company's stock worth $670,000 after buying an additional 3,558 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its holdings in shares of General American Investors by 4.1% during the 4th quarter. Sanctuary Advisors LLC now owns 41,134 shares of the investment management company's stock valued at $2,163,000 after acquiring an additional 1,632 shares during the last quarter. Institutional investors own 36.85% of the company's stock.

General American Investors Stock Performance

General American Investors stock traded up $0.21 during mid-day trading on Friday, reaching $54.09. The stock had a trading volume of 3,964 shares, compared to its average volume of 29,082. General American Investors has a one year low of $41.80 and a one year high of $55.44. The company has a 50-day moving average price of $50.77 and a two-hundred day moving average price of $51.26.

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.