Short Interest in General American Investors Company, Inc. (NYSE:GAM) Grows By 31.1%

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 11,800 shares, a growth of 31.1% from the March 15th total of 9,000 shares. Based on an average daily trading volume, of 27,300 shares, the short-interest ratio is presently 0.4 days.

General American Investors Trading Up 0.6 %

Shares of NYSE GAM traded up $0.31 during trading on Thursday, reaching $49.67. 963 shares of the stock were exchanged, compared to its average volume of 29,440. General American Investors has a twelve month low of $41.80 and a twelve month high of $55.44. The business's 50-day moving average price is $49.96 and its 200 day moving average price is $51.53.

General American Investors Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a yield of 0.9%.

Insider Activity at General American Investors

In related news, CEO Jeffrey W. Priest bought 1,735 shares of the stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average price of $24.75 per share, for a total transaction of $42,941.25. Following the completion of the purchase, the chief executive officer now owns 17,127 shares in the company, valued at $423,893.25. This represents a 11.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Trust Fbo Altschul Arthur G, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $24.62, for a total value of $49,240.00. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 4,885 shares of company stock worth $121,691 and have sold 15,199 shares worth $376,971. 8.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General American Investors

A number of institutional investors have recently made changes to their positions in the business. Armstrong Advisory Group Inc. acquired a new stake in shares of General American Investors during the fourth quarter worth approximately $52,000. PNC Financial Services Group Inc. grew its holdings in General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock worth $127,000 after acquiring an additional 197 shares in the last quarter. Tompkins Financial Corp bought a new stake in shares of General American Investors in the 1st quarter worth about $232,000. Tyler Stone Wealth Management increased its position in shares of General American Investors by 8.5% in the 4th quarter. Tyler Stone Wealth Management now owns 4,878 shares of the investment management company's stock worth $249,000 after purchasing an additional 384 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of General American Investors by 8.0% in the 4th 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. 36.85% of the stock is owned by institutional investors and hedge funds.

General American Investors Company Profile

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.