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

General American Investors Company, Inc. (NYSE:GAM) was the recipient of a large increase in short interest during 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 short-interest ratio is currently 0.4 days.

General American Investors Stock Performance

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

General American Investors Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GAM. Blue Bell Private Wealth Management LLC raised its holdings in shares of General American Investors by 3.7% in the second quarter. Blue Bell Private Wealth Management LLC now owns 675,276 shares of the investment management company’s stock worth $33,575,000 after acquiring an additional 24,196 shares during the last quarter. Cornerstone Advisors LLC raised its stake in General American Investors by 24.8% in the 2nd quarter. Cornerstone Advisors LLC now owns 441,951 shares of the investment management company’s stock valued at $21,974,000 after purchasing an additional 87,843 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in General American Investors by 31.9% in the 3rd quarter. Pathstone Holdings LLC now owns 330,584 shares of the investment management company’s stock valued at $17,731,000 after purchasing an additional 79,975 shares in the last quarter. Shaker Financial Services LLC boosted its stake in shares of General American Investors by 41.9% during the 2nd quarter. Shaker Financial Services LLC now owns 108,528 shares of the investment management company’s stock worth $5,396,000 after purchasing an additional 32,065 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its holdings in shares of General American Investors by 22.8% during the second quarter. Wolverine Asset Management LLC now owns 68,305 shares of the investment management company’s stock worth $3,396,000 after buying an additional 12,663 shares in 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.