General American Investors Company, Inc. (NYSE:GAM) Short Interest Down 73.1% in February

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,100 shares, a drop of 73.1% from the January 31st total of 7,800 shares. Based on an average trading volume of 26,300 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity

In other news, CEO Jeffrey W. Priest acquired 6,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the chief executive officer now owns 15,392 shares of the company's stock, valued at $384,800. The trade was a 63.88 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders bought 7,250 shares of company stock worth $192,031. 8.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On General American Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of GAM. Armstrong Advisory Group Inc. bought a new stake in shares of General American Investors during the 4th quarter worth $52,000. Farther Finance Advisors LLC bought a new position in shares of General American Investors during the 3rd quarter valued at about $59,000. PNC Financial Services Group Inc. raised its holdings in shares of General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company's stock valued at $127,000 after buying an additional 197 shares in the last quarter. Tyler Stone Wealth Management raised its holdings in shares of General American Investors by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company's stock valued at $241,000 after buying an additional 2,247 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of General American Investors by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company's stock valued at $257,000 after buying an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 36.85% of the company's stock.

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General American Investors Trading Down 0.3 %

Shares of General American Investors stock traded down $0.17 during trading on Tuesday, hitting $50.49. The stock had a trading volume of 22,392 shares, compared to its average volume of 24,515. General American Investors has a 12 month low of $44.44 and a 12 month high of $55.44. The business's 50-day moving average is $51.94 and its 200 day moving average is $52.38.

General American Investors Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a yield of 0.9%.

About General American Investors

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.