General American Investors, Inc. (NYSE:GAM) Short Interest Down 41.9% in February

General American Investors, Inc. (NYSE:GAM) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 11,033 shares, a drop of 41.9% from the January 29th total of 18,982 shares. Based on an average daily trading volume, of 21,502 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 21,502 shares, the short-interest ratio is presently 0.5 days.

Insider Transactions at General American Investors

In other news, VP Eugene S. Stark acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were acquired at an average price of $24.98 per share, for a total transaction of $99,920.00. Following the completion of the purchase, the vice president owned 24,000 shares in the company, valued at approximately $599,520. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anang K. Majmudar bought 1,095 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was purchased at an average cost of $25.00 per share, with a total value of $27,375.00. Following the completion of the transaction, the insider directly owned 10,500 shares of the company’s stock, valued at approximately $262,500. The trade was a 11.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 6,895 shares of company stock valued at $172,293 in the last 90 days. 8.33% of the stock is currently 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. Saba Capital Management L.P. boosted its holdings in General American Investors by 2.2% in the fourth quarter. Saba Capital Management L.P. now owns 2,085,885 shares of the investment management company’s stock worth $122,504,000 after acquiring an additional 44,324 shares in the last quarter. Lazard Asset Management LLC boosted its stake in General American Investors by 6.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,397,623 shares of the investment management company’s stock worth $82,082,000 after purchasing an additional 78,547 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in General American Investors by 10.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 810,682 shares of the investment management company’s stock worth $47,611,000 after purchasing an additional 75,259 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in General American Investors by 98,734.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 735,325 shares of the investment management company’s stock valued at $43,186,000 after purchasing an additional 734,581 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in General American Investors by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 397,812 shares of the investment management company’s stock valued at $24,748,000 after purchasing an additional 30,217 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company’s stock.

General American Investors Stock Up 0.1%

General American Investors stock traded up $0.04 during mid-day trading on Friday, reaching $61.88. The company’s stock had a trading volume of 12,551 shares, compared to its average volume of 22,485. General American Investors has a 12-month low of $41.80 and a 12-month high of $64.40. The firm’s fifty day moving average price is $60.49 and its two-hundred day moving average price is $60.69.

General American Investors Company Profile

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.