General American Investors, Inc. (NYSE:GAM – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 251 shares, a decrease of 84.5% from the August 15th total of 1,616 shares. Based on an average trading volume of 13,088 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
General American Investors Stock Performance
General American Investors stock traded up $0.34 during mid-day trading on Friday, hitting $65.79. 8,705 shares of the company were exchanged, compared to its average volume of 12,271. The business has a fifty day moving average of $65.94 and a 200 day moving average of $63.65. General American Investors has a 1-year low of $56.24 and a 1-year high of $68.57.
Institutional Investors Weigh In On General American Investors
A number of hedge funds have recently made changes to their positions in GAM. Altium Capital Management LLC bought a new position in General American Investors during the 4th quarter valued at about $1,224,000. Allspring Global Investments Holdings LLC grew its stake in General American Investors by 9.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 430,935 shares of the investment management company’s stock worth $25,197,000 after buying an additional 37,312 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of General American Investors by 13.1% during the first quarter. Lazard Asset Management LLC now owns 1,580,674 shares of the investment management company’s stock worth $92,422,000 after buying an additional 183,051 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of General American Investors during the second quarter worth approximately $2,435,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of General American Investors in the second quarter valued at approximately $2,285,000. Institutional investors and hedge funds own 36.85% of the company’s stock.
General American Investors Company Profile
General American Investors Company, Inc is a publicly traded closed-end investment company that seeks long-term capital appreciation through investments in a diversified portfolio of securities. The company’s shares trade on the New York Stock Exchange under the symbol GAM.
Founded in 1927, General American Investors is one of the oldest closed-end investment companies in the United States. Its portfolio has historically included common stocks, convertible securities and other investments, with an emphasis on identifying companies that may offer attractive long-term growth potential.
The company invests primarily in publicly traded businesses across a range of industries and may hold investments in both U.S.
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