General American Investors, Inc. (NYSE:GAM) Stock Short Interest Report for September

General American Investors, Inc. (NYSE:GAM) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,771 shares, a drop of 66.0% from the September 15th total of 8,142 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,342 shares, the days-to-cover ratio is currently 0.1 days.

General American Investors Trading Up 0.5%

GAM stock traded up $0.32 during trading on Monday, hitting $65.03. 7,606 shares of the stock traded hands, compared to its average volume of 26,927. General American Investors has a one year low of $56.24 and a one year high of $68.57. The company has a 50 day simple moving average of $65.94 and a 200 day simple moving average of $64.21.

Insider Buying and Selling

In related news, VP Eugene S. Stark acquired 5,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was purchased at an average cost of $24.00 per share, for a total transaction of $120,000.00. Following the completion of the purchase, the vice president directly owned 17,000 shares of the company’s stock, valued at $408,000. The trade was a 41.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Grassi acquired 2,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were bought at an average cost of $23.08 per share, with a total value of $46,160.00. Following the completion of the acquisition, the insider owned 3,100 shares of the company’s stock, valued at approximately $71,548. This trade represents a 181.82% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 15,000 shares of company stock worth $350,950 in the last 90 days. 7.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On General American Investors

A number of hedge funds have recently added to or reduced their stakes in GAM. Lazard Asset Management LLC lifted its holdings in General American Investors by 13.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after buying an additional 183,051 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in General American Investors by 9.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock valued at $25,197,000 after purchasing an additional 37,312 shares during the period. Altium Capital Management LLC grew its holdings in shares of General American Investors by 133.9% in the 1st quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock valued at $2,851,000 after buying an additional 27,910 shares during the period. First Trust Advisors LP increased its holdings in shares of General American Investors by 10.1% in the first quarter. First Trust Advisors LP now owns 42,898 shares of the investment management company’s stock worth $2,508,000 after acquiring an additional 3,940 shares in the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in shares of General American Investors during the second quarter worth about $2,435,000. Institutional investors own 36.85% of the company’s stock.

General American Investors Company Profile

General American Investors Company, Inc (NYSE:GAM) is a publicly traded closed-end investment company focused on achieving long-term capital appreciation and income. Rather than operating a traditional business that sells products or services, the company manages a diversified portfolio of investments on behalf of its shareholders.

The company primarily invests in common stocks and convertible securities of public companies across a range of industries. Its portfolio may include investments in U.S.