Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) saw an uptick in trading volume on Wednesday . 3,603,327 shares changed hands during mid-day trading, an increase of 3,533% from the previous session’s volume of 99,171 shares.The stock last traded at $1.70 and had previously closed at $1.34.
The stock’s 50-day simple moving average is $1.18.
U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Thursday, May 9th. The asset manager reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $0.97 million for the quarter. U.S. Global Investors had a negative return on equity of 16.46% and a negative net margin of 72.71%.
The business also recently announced a monthly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be given a dividend of $0.0025 per share. This represents a $0.03 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from U.S. Global Investors’s previous monthly dividend of $0.00.
A hedge fund recently bought a new stake in U.S. Global Investors stock. Toroso Investments LLC bought a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 217,799 shares of the asset manager’s stock, valued at approximately $239,000. Toroso Investments LLC owned 1.44% of U.S. Global Investors as of its most recent SEC filing. 21.52% of the stock is currently owned by institutional investors.
About U.S. Global Investors (NASDAQ:GROW)
U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.
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