General American Investors, Inc. (NYSE:GAM) Short Interest Down 58.6% in May

General American Investors, Inc. (NYSE:GAM) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 6,285 shares, a decline of 58.6% from the April 30th total of 15,176 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 27,362 shares, the days-to-cover ratio is currently 0.2 days.

General American Investors Stock Performance

General American Investors stock traded up $0.21 during mid-day trading on Friday, reaching $64.21. The company had a trading volume of 28,517 shares, compared to its average volume of 25,757. The business has a fifty day simple moving average of $62.51 and a 200 day simple moving average of $60.87. General American Investors has a fifty-two week low of $53.55 and a fifty-two week high of $66.18.

Insider Activity at General American Investors

In related news, VP Eugene S. Stark bought 6,151 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was purchased at an average price of $24.86 per share, with a total value of $152,913.86. Following the completion of the acquisition, the vice president owned 34,000 shares of the company’s stock, valued at $845,240. The trade was a 22.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 10,662 shares of company stock valued at $265,178 over the last three months. 7.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On General American Investors

Hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC increased its holdings in General American Investors by 13.1% in 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 purchasing an additional 183,051 shares in the last quarter. First Trust Advisors LP raised its position in 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 valued at $2,508,000 after purchasing an additional 3,940 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 in the last quarter. Altium Capital Management LLC grew its holdings in shares of General American Investors by 133.9% during the first quarter. Altium Capital Management LLC now owns 48,755 shares of the investment management company’s stock worth $2,851,000 after purchasing an additional 27,910 shares during the last quarter. Finally, Nixon Peabody Trust Co. grew its holdings in shares of General American Investors by 10.9% during the first quarter. Nixon Peabody Trust Co. now owns 7,047 shares of the investment management company’s stock worth $412,000 after purchasing an additional 692 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.

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.