U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 6,258 shares, a decline of 32.6% from the July 30th total of 9,286 shares. Based on an average daily volume of 16,695 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.
U.S. Global Investors Price Performance
Shares of NASDAQ GROW traded up $0.09 during mid-day trading on Tuesday, reaching $3.36. 20,386 shares of the company traded hands, compared to its average volume of 37,859. U.S. Global Investors has a fifty-two week low of $2.23 and a fifty-two week high of $3.65. The firm has a market cap of $41.66 million, a PE ratio of 12.92 and a beta of 0.68. The stock has a fifty day simple moving average of $3.08 and a 200-day simple moving average of $2.94.
U.S. Global Investors Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.0075 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 14th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 34.62%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on GROW
Institutional Trading of U.S. Global Investors
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake in shares of U.S. Global Investors by 24.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after buying an additional 10,785 shares in the last quarter. Renaissance Technologies LLC boosted its stake in 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in U.S. Global Investors by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after acquiring an additional 5,056 shares during the period. North Star Investment Management Corp. grew its holdings in 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 acquiring an additional 395,000 shares during the period. Finally, Sandia Investment Management LP bought a new stake in U.S. Global Investors in the fourth quarter worth about $106,000. 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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