U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.80 and traded as high as $3.17. U.S. Global Investors shares last traded at $3.14, with a volume of 16,818 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, U.S. Global Investors presently has a consensus rating of “Hold”.
U.S. Global Investors Trading Down 0.3%
U.S. Global Investors Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be given a dividend of $0.0075 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, September 14th. U.S. Global Investors’s dividend payout ratio is currently 34.62%.
Insider Buying and Selling at U.S. Global Investors
In other news, major shareholder Gator Capital Management, Llc purchased 23,910 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $2.55 per share, for a total transaction of $60,970.50. Following the purchase, the insider owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Derek Steven Pilecki acquired 23,910 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $2.55 per share, with a total value of $60,970.50. Following the acquisition, the insider owned 1,099,391 shares in the company, valued at $2,803,447.05. The trade was a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 118,238 shares of company stock valued at $304,576 in the last quarter. 19.19% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On U.S. Global Investors
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Wealth LLC purchased a new position in shares of U.S. Global Investors in the fourth quarter worth about $1,260,000. North Star Investment Management Corp. lifted its stake in shares of U.S. Global Investors by 3,590.9% during the 1st quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock valued at $1,007,000 after buying an additional 395,000 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in shares of U.S. Global Investors by 66.4% during the 4th quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after buying an additional 168,176 shares in the last quarter. Gator Capital Management LLC boosted its holdings in U.S. Global Investors by 18.9% in the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after buying an additional 132,207 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares during the period. Institutional investors own 23.62% of the company’s stock.
About U.S. Global Investors
U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.
The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.
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