General American Investors Company, Inc. (NYSE:GAM) Short Interest Down 73.1% in February

General American Investors Company, Inc. (NYSE:GAM) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,100 shares, a decline of 73.1% from the January 31st total of 7,800 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 0.1 days.

General American Investors Stock Down 0.3 %

NYSE:GAM traded down $0.17 during trading hours on Friday, hitting $50.89. 15,959 shares of the company were exchanged, compared to its average volume of 22,760. The company has a fifty day simple moving average of $51.96 and a 200 day simple moving average of $52.36. General American Investors has a one year low of $44.44 and a one year high of $55.44.

General American Investors Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be paid a $0.25 dividend. The ex-dividend date is Monday, February 24th. This represents a yield of 0.9%.

Insider Buying and Selling

In other news, CEO Jeffrey W. Priest bought 6,000 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the chief executive officer now owns 15,392 shares in the company, valued at approximately $384,800. This trade represents a 63.88 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 7,250 shares of company stock valued at $192,031 over the last three months. Company insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GAM. Armstrong Advisory Group Inc. purchased a new stake in shares of General American Investors during the fourth quarter worth about $52,000. Farther Finance Advisors LLC bought a new stake in shares of General American Investors during the 3rd quarter valued at $59,000. PNC Financial Services Group Inc. raised its position in shares of General American Investors by 8.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,490 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 197 shares during the period. Tyler Stone Wealth Management increased its holdings in General American Investors by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 4,494 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 2,247 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in General American Investors by 8.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,035 shares of the investment management company’s stock valued at $257,000 after acquiring an additional 372 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.

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.