Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Increases By 152.5%

U.S. Global Investors, Inc. (NASDAQ:GROWGet Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 19,352 shares, an increase of 152.5% from the June 15th total of 7,665 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 42,666 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

View Our Latest Analysis on U.S. Global Investors

Insider Activity

In related news, insider Derek Steven Pilecki bought 23,910 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the purchase, the insider directly owned 1,099,391 shares in the company, 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 SEC, which is accessible through this link. Also, major shareholder Gator Capital Management, Llc purchased 23,910 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $2.55 per share, with a total value of $60,970.50. Following the purchase, 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 ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 118,238 shares of company stock valued at $304,576. 19.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC grew its stake in U.S. Global Investors by 52.1% in the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after buying an additional 14,938 shares in the last quarter. Sandia Investment Management LP bought a new stake in shares of U.S. Global Investors during the 4th quarter valued at $106,000. Dimensional Fund Advisors LP lifted its holdings in U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after purchasing an additional 5,056 shares in the last quarter. Susquehanna International Group LLP grew its holdings in U.S. Global Investors by 108.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after buying an additional 48,871 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of U.S. Global Investors by 12.3% during the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after buying an additional 21,100 shares during the period. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.94 on Tuesday. U.S. Global Investors has a fifty-two week low of $2.23 and a fifty-two week high of $3.65. The business has a 50-day moving average of $2.83 and a 200 day moving average of $2.85. The firm has a market cap of $36.46 million, a P/E ratio of 11.31 and a beta of 0.66.

U.S. Global Investors Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be paid a $0.0075 dividend. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 3.1%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 34.62%.

About U.S. Global Investors

(Get Free Report)

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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