General American Investors Company, Inc. (NYSE:GAM) Short Interest Up 104.8% in February

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 4,300 shares, a growth of 104.8% from the February 13th total of 2,100 shares. Based on an average daily trading volume, of 26,700 shares, the days-to-cover ratio is presently 0.2 days.

General American Investors Stock Down 0.2 %

Shares of GAM stock traded down $0.09 during trading hours on Tuesday, hitting $50.17. The company's stock had a trading volume of 18,471 shares, compared to its average volume of 29,315. The business has a fifty day moving average of $51.70 and a 200-day moving average of $52.22. General American Investors has a twelve month low of $44.54 and a twelve month high of $55.44.

General American Investors Cuts Dividend

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

Insiders Place Their Bets

In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the vice president now directly owns 14,500 shares of the company's stock, valued at $362,500. This trade represents a 20.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have purchased 4,000 shares of company stock worth $99,957. 8.33% of the stock is owned by company insiders.

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Institutional Trading of General American Investors

Several large investors have recently modified their holdings of GAM. Saba Capital Management L.P. boosted its position in General American Investors by 42.6% during the fourth quarter. Saba Capital Management L.P. now owns 1,464,300 shares of the investment management company's stock worth $74,694,000 after acquiring an additional 437,632 shares during the last quarter. First Manhattan CO. LLC. boosted its position in General American Investors by 8.4% during the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock worth $285,000 after acquiring an additional 434 shares during the last quarter. Cetera Investment Advisers boosted its position in General American Investors by 78.7% during the fourth quarter. Cetera Investment Advisers now owns 17,011 shares of the investment management company's stock worth $868,000 after acquiring an additional 7,492 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in General American Investors by 8.6% during the fourth quarter. Capstone Investment Advisors LLC now owns 35,841 shares of the investment management company's stock worth $1,828,000 after purchasing an additional 2,841 shares during the period. Finally, First Trust Advisors LP raised its stake in General American Investors by 3.0% during the fourth quarter. First Trust Advisors LP now owns 36,230 shares of the investment management company's stock worth $1,848,000 after purchasing an additional 1,051 shares during the period. 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.