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

General American Investors, Inc. (NYSE:GAM) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,147 shares, a decline of 21.6% from the December 15th total of 12,935 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 29,805 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 29,805 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Insider Activity

In related news, VP Eugene S. Stark purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were bought at an average price of $24.98 per share, with a total value of $99,920.00. Following the purchase, the vice president directly owned 24,000 shares in the company, valued at $599,520. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders acquired a total of 4,100 shares of company stock worth $102,418 over the last quarter. Corporate insiders own 8.33% of the company’s stock.

Hedge Funds Weigh In On General American Investors

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in shares of General American Investors by 38.3% in the first quarter. Royal Bank of Canada now owns 195,963 shares of the investment management company’s stock worth $9,871,000 after purchasing an additional 54,223 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of General American Investors by 11.0% in the 2nd quarter. Park Avenue Securities LLC now owns 31,823 shares of the investment management company’s stock valued at $1,783,000 after acquiring an additional 3,141 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of General American Investors by 5.6% in the second quarter. Janney Montgomery Scott LLC now owns 11,220 shares of the investment management company’s stock valued at $629,000 after acquiring an additional 591 shares during the last quarter. Grimes & Company Inc. bought a new stake in General American Investors during the second quarter worth about $202,000. Finally, Mraz Amerine & Associates Inc. increased its position in shares of General American Investors by 4.4% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 23,679 shares of the investment management company’s stock worth $1,327,000 after purchasing an additional 1,000 shares during the last quarter. 36.85% of the stock is owned by institutional investors.

General American Investors Price Performance

NYSE GAM traded down $0.50 during trading hours on Tuesday, reaching $60.00. 55,392 shares of the company’s stock were exchanged, compared to its average volume of 56,891. The company’s 50-day moving average is $59.18 and its two-hundred day moving average is $59.92. General American Investors has a one year low of $41.80 and a one year high of $64.40.

General American Investors Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, November 17th were given a dividend of $6.40 per share. This is an increase from General American Investors’s previous annual dividend of $0.45. This represents a dividend yield of 1,125.0%. The ex-dividend date of this dividend was Monday, November 17th.

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.