Short Interest in General American Investors Company, Inc. (NYSE:GAM) Expands By 138.9%

General American Investors Company, Inc. (NYSE:GAM) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 8,600 shares, a growth of 138.9% from the June 30th total of 3,600 shares. Based on an average daily trading volume, of 29,700 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling

In other General American Investors news, Director Arthur G. Altschul, Jr. sold 6,868 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $24.66, for a total value of $169,364.88. Following the transaction, the director now directly owns 42,492 shares in the company, valued at approximately $1,047,852.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other General American Investors news, Director Arthur G. Altschul, Jr. sold 6,397 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $24.63, for a total value of $157,558.11. Following the transaction, the director now directly owns 26,400 shares in the company, valued at approximately $650,232. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arthur G. Altschul, Jr. sold 6,868 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $24.66, for a total transaction of $169,364.88. Following the completion of the transaction, the director now owns 42,492 shares in the company, valued at $1,047,852.72. The disclosure for this sale can be found here. Insiders have acquired 4,427 shares of company stock worth $114,802 in the last three months. Corporate insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BNP Paribas purchased a new position in shares of General American Investors during the 1st quarter worth about $35,000. Integrated Capital Management Inc. acquired a new stake in General American Investors during the 2nd quarter worth approximately $206,000. Matisse Capital acquired a new stake in General American Investors during the 1st quarter worth approximately $247,000. Cetera Advisors LLC acquired a new stake in General American Investors during the 1st quarter worth approximately $343,000. Finally, Janney Montgomery Scott LLC increased its position in General American Investors by 56.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,760 shares of the investment management company’s stock worth $462,000 after purchasing an additional 3,868 shares in the last quarter. 36.85% of the stock is currently owned by hedge funds and other institutional investors.

General American Investors Trading Up 0.7 %

Shares of GAM stock traded up $0.37 during trading hours on Friday, hitting $50.97. 33,632 shares of the company were exchanged, compared to its average volume of 46,867. General American Investors has a 1 year low of $39.12 and a 1 year high of $52.69. The firm has a fifty day moving average of $49.65 and a 200 day moving average of $46.74.

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.