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

General American Investors, Inc. (NYSE:GAM) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 3,231 shares, a drop of 48.6% from the May 14th total of 6,285 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 29,764 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity

In other General American Investors news, VP Eugene S. Stark acquired 6,151 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average cost of $24.86 per share, with a total value of $152,913.86. Following the transaction, the vice president owned 34,000 shares of the company’s stock, valued at $845,240. This trade represents a 22.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders bought 7,662 shares of company stock worth $190,328. 7.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General American Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Birchwood Financial Partners Inc. purchased a new position in General American Investors during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. boosted its holdings in General American Investors by 10.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,775 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 273 shares during the period. Harbour Investments Inc. boosted its holdings in General American Investors by 10.9% during the 4th quarter. Harbour Investments Inc. now owns 3,018 shares of the investment management company’s stock valued at $177,000 after acquiring an additional 297 shares during the period. Osaic Holdings Inc. boosted its holdings in General American Investors by 41.6% during the 2nd quarter. Osaic Holdings Inc. now owns 3,755 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 1,103 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new position in General American Investors during the 3rd quarter valued at about $211,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Stock Performance

Shares of General American Investors stock opened at $64.27 on Tuesday. The business has a 50-day moving average of $63.51 and a 200 day moving average of $61.17. General American Investors has a 12 month low of $53.78 and a 12 month high of $66.18.

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.