General American Investors, Inc. (NYSE:GAM) Sees Significant Decline in Short Interest

General American Investors, Inc. (NYSE:GAM) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 2,771 shares, a drop of 66.0% from the September 15th total of 8,142 shares. Based on an average trading volume of 22,342 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

General American Investors Stock Performance

General American Investors stock traded down $0.09 during mid-day trading on Tuesday, hitting $64.83. The company’s stock had a trading volume of 9,325 shares, compared to its average volume of 26,857. General American Investors has a one year low of $56.24 and a one year high of $68.57. The company has a 50 day moving average of $65.93 and a 200-day moving average of $64.25.

Insider Transactions at General American Investors

In related news, insider Craig Grassi bought 2,000 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average price of $23.08 per share, with a total value of $46,160.00. Following the transaction, the insider owned 3,100 shares in the company, valued at $71,548. This trade represents a 181.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Samantha Jin bought 2,000 shares of General American Investors stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of $23.69 per share, for a total transaction of $47,380.00. Following the purchase, the treasurer owned 2,000 shares of the company’s stock, valued at approximately $47,380. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 15,000 shares of company stock worth $350,950. 7.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GAM. Readystate Asset Management LP bought a new stake in General American Investors during the second quarter valued at about $391,000. Susquehanna International Group LLP bought a new position in General American Investors in the second quarter worth about $265,000. IMC Chicago LLC bought a new position in General American Investors in the second quarter worth about $314,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of General American Investors by 32.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,656 shares of the investment management company’s stock valued at $169,000 after buying an additional 657 shares during the last quarter. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of General American Investors during the second quarter valued at about $532,000. 36.85% of the stock is currently owned by institutional investors.

General American Investors Company Profile

General American Investors Company, Inc (NYSE:GAM) is a publicly traded closed-end investment company focused on achieving long-term capital appreciation and income. Rather than operating a traditional business that sells products or services, the company manages a diversified portfolio of investments on behalf of its shareholders.

The company primarily invests in common stocks and convertible securities of public companies across a range of industries. Its portfolio may include investments in U.S.