Short Interest in General American Investors Company, Inc. (NYSE:GAM) Increases By 22.0%

General American Investors Company, Inc. (NYSE:GAM) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 13,300 shares, an increase of 22.0% from the October 15th total of 10,900 shares. Based on an average trading volume of 30,700 shares, the days-to-cover ratio is presently 0.4 days.

General American Investors Stock Down 0.8 %

Shares of GAM traded down $0.43 during mid-day trading on Friday, hitting $54.08. The company’s stock had a trading volume of 65,905 shares, compared to its average volume of 29,562. The firm has a 50-day simple moving average of $53.46 and a 200 day simple moving average of $51.14. General American Investors has a 1-year low of $40.87 and a 1-year high of $55.44.

General American Investors Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 27th. Investors of record on Monday, November 18th will be paid a $0.45 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Monday, November 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAM. Cornerstone Advisors LLC raised its holdings in General American Investors by 24.8% during the second quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock worth $21,974,000 after purchasing an additional 87,843 shares during the last quarter. Pathstone Holdings LLC increased its holdings in General American Investors by 31.9% during the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after acquiring an additional 79,975 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in General American Investors during the second quarter worth about $1,818,000. Capstone Investment Advisors LLC acquired a new position in General American Investors during the third quarter worth about $1,769,000. Finally, Shaker Financial Services LLC grew its position in shares of General American Investors by 41.9% in the second quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock valued at $5,396,000 after purchasing an additional 32,065 shares during the last quarter. 36.85% of the stock is currently owned by institutional investors and hedge funds.

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.