U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.93 and traded as high as $3.39. U.S. Global Investors shares last traded at $3.35, with a volume of 10,866 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
View Our Latest Analysis on GROW
U.S. Global Investors Price Performance
U.S. Global Investors Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 2.7%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 34.62%.
Insider Transactions at U.S. Global Investors
In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc bought 20,496 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of $2.59 per share, with a total value of $53,084.64. Following the acquisition, the insider owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Derek Steven Pilecki acquired 20,496 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the completion of the acquisition, the insider owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 41,652 shares of company stock valued at $107,885. Insiders own 19.19% of the company’s stock.
Institutional Investors Weigh In On U.S. Global Investors
Hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. increased its stake in shares of U.S. Global Investors by 3,590.9% during the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after purchasing an additional 395,000 shares during the period. Gator Capital Management LLC boosted its stake 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 valued at $2,008,000 after purchasing an additional 132,207 shares during the period. Rothschild Wealth LLC acquired a new position in U.S. Global Investors in the 4th quarter valued at $1,260,000. Susquehanna International Group LLP grew 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 valued at $259,000 after buying an additional 48,871 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after buying an additional 14,938 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.
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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