General American Investors, Inc. (NYSE:GAM) Short Interest Down 41.9% in February

General American Investors, Inc. (NYSE:GAM) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 11,033 shares, a decrease of 41.9% from the January 29th total of 18,982 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 21,502 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 21,502 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

General American Investors Stock Up 0.1%

Shares of GAM traded up $0.04 during mid-day trading on Friday, hitting $61.88. 12,551 shares of the company traded hands, compared to its average volume of 22,485. The stock has a 50-day moving average price of $60.49 and a two-hundred day moving average price of $60.69. General American Investors has a 1 year low of $41.80 and a 1 year high of $64.40.

Insider Buying and Selling at General American Investors

In other General American Investors news, VP Eugene S. Stark acquired 4,000 shares of General American Investors stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $24.98 per share, for a total transaction of $99,920.00. Following the acquisition, the vice president owned 24,000 shares of the company’s stock, valued at $599,520. This represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anang K. Majmudar bought 1,095 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was acquired at an average cost of $25.00 per share, with a total value of $27,375.00. Following the transaction, the insider owned 10,500 shares in the company, valued at $262,500. The trade was a 11.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 6,895 shares of company stock worth $172,293 over the last ninety days. 8.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General American Investors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in General American Investors during the fourth quarter valued at $217,000. Birchwood Financial Partners Inc. bought a new stake in shares of General American Investors during the 4th quarter valued at about $54,000. XTX Topco Ltd bought a new stake in shares of General American Investors during the 4th quarter valued at about $267,000. Saba Capital Management L.P. increased its position in shares of General American Investors by 2.2% during the 4th quarter. Saba Capital Management L.P. now owns 2,085,885 shares of the investment management company’s stock valued at $122,504,000 after purchasing an additional 44,324 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in shares of General American Investors in the 4th quarter worth approximately $2,373,000. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Company Profile

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.