Short Interest in General American Investors Company, Inc. (NYSE:GAM) Expands By 138.9%

General American Investors Company, Inc. (NYSE:GAM) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 8,600 shares, a growth of 138.9% from the June 30th total of 3,600 shares. Based on an average trading volume of 29,700 shares, the days-to-cover ratio is presently 0.3 days.

General American Investors Stock Up 0.7 %

GAM traded up $0.37 on Friday, hitting $50.97. The company had a trading volume of 33,632 shares, compared to its average volume of 46,867. The company’s fifty day moving average price is $49.65 and its 200 day moving average price is $46.74. General American Investors has a 1-year low of $39.12 and a 1-year high of $52.69.

Insiders Place Their Bets

In other General American Investors news, VP Eugene S. Stark acquired 1,973 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $24.76 per share, for a total transaction of $48,851.48. Following the transaction, the vice president now owns 12,000 shares of the company’s stock, valued at approximately $297,120. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Eugene S. Stark purchased 1,973 shares of General American Investors stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $24.76 per share, for a total transaction of $48,851.48. Following the acquisition, the vice president now directly owns 12,000 shares in the company, valued at $297,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey W. Priest purchased 2,192 shares of General American Investors stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $24.67 per share, with a total value of $54,076.64. Following the completion of the acquisition, the chief executive officer now owns 9,392 shares in the company, valued at $231,700.64. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 4,427 shares of company stock worth $114,802. 8.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On General American Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAM. Allspring Global Investments Holdings LLC lifted its holdings in General American Investors by 22.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 692,546 shares of the investment management company’s stock worth $29,745,000 after purchasing an additional 125,281 shares during the last quarter. Cornerstone Advisors LLC increased its position in General American Investors by 7.6% in the 4th quarter. Cornerstone Advisors LLC now owns 332,918 shares of the investment management company’s stock worth $14,299,000 after buying an additional 23,531 shares during the period. Epoch Investment Partners Inc. increased its position in General American Investors by 111.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 43,251 shares of the investment management company’s stock worth $1,858,000 after buying an additional 22,813 shares during the period. Blue Bell Private Wealth Management LLC increased its position in General American Investors by 3.2% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 651,080 shares of the investment management company’s stock worth $30,282,000 after buying an additional 20,346 shares during the period. Finally, Cetera Advisors LLC bought a new position in General American Investors in the 1st quarter worth approximately $343,000. 36.85% of the stock is currently 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.