General American Investors Company, Inc. (NYSE:GAM) Short Interest Up 109.3% in March

General American Investors Company, Inc. (NYSE:GAM - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 9,000 shares, a growth of 109.3% from the February 28th total of 4,300 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 0.3 days.

Insider Transactions at General American Investors

In other General American Investors news, VP Eugene S. Stark purchased 2,500 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $62,500.00. Following the acquisition, the vice president now 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC acquired a new position in General American Investors during the third quarter valued at approximately $1,769,000. HighTower Advisors LLC boosted its holdings in shares of General American Investors by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 21,547 shares of the investment management company's stock worth $1,157,000 after buying an additional 1,537 shares during the period. Integrated Capital Management Inc. grew its stake in General American Investors by 22.1% in the 4th quarter. Integrated Capital Management Inc. now owns 5,196 shares of the investment management company's stock valued at $265,000 after buying an additional 940 shares during the last quarter. Park Avenue Securities LLC raised its holdings in General American Investors by 19.2% in the 4th quarter. Park Avenue Securities LLC now owns 29,724 shares of the investment management company's stock worth $1,516,000 after acquiring an additional 4,782 shares during the period. Finally, Armstrong Advisory Group Inc. acquired a new position in General American Investors during the 4th quarter worth $52,000. 36.85% of the stock is owned by institutional investors.

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General American Investors Trading Up 0.7 %

General American Investors stock traded up $0.34 during mid-day trading on Tuesday, hitting $50.71. 20,625 shares of the company's stock were exchanged, compared to its average volume of 26,324. General American Investors has a 1-year low of $44.54 and a 1-year high of $55.44. The stock has a 50 day moving average of $51.55 and a two-hundred day moving average of $52.13.

General American Investors Cuts Dividend

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

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.