U.S. Global Investors, Inc. (NASDAQ:GROW) Sees Significant Drop in Short Interest

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,466 shares, a drop of 41.2% from the September 15th total of 10,996 shares. Based on an average daily trading volume, of 12,181 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Get Our Latest Report on GROW

Hedge Funds Weigh In On U.S. Global Investors

Large investors have recently modified their holdings of the business. North Star Investment Management Corp. lifted its holdings in shares of U.S. Global Investors by 3,590.9% in 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 during the period. Renaissance Technologies LLC boosted its stake in shares of U.S. Global Investors by 12.3% in 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. Proficio Capital Partners LLC boosted its stake in shares of U.S. Global Investors by 24.6% in the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after buying an additional 10,785 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of U.S. Global Investors by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after buying an additional 5,056 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

U.S. Global Investors Stock Down 4.2%

Shares of U.S. Global Investors stock opened at $2.74 on Thursday. U.S. Global Investors has a 52-week low of $2.23 and a 52-week high of $3.65. The company’s 50-day simple moving average is $3.05 and its 200-day simple moving average is $2.88. The firm has a market cap of $33.70 million, a price-to-earnings ratio of 10.96 and a beta of 0.67.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $2.73 million for the quarter. U.S. Global Investors had a return on equity of 6.70% and a net margin of 29.81%.

U.S. Global Investors Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a dividend of $0.0075 per share. The ex-dividend date is Monday, December 14th. This represents a $0.09 annualized dividend and a yield of 3.3%. U.S. Global Investors’s payout ratio is presently 36.00%.

About U.S. Global Investors

(Get Free Report)

U.S. Global Investors, Inc (NASDAQ:GROW) is an investment management company headquartered in San Antonio, Texas. The firm provides investment advisory and portfolio management services through a range of mutual funds, exchange-traded funds and other investment strategies.

The company focuses on specialized areas of the global markets, including precious metals and natural resources, emerging markets, infrastructure and transportation. Its investment products have included funds and ETFs providing exposure to gold and precious-metals mining companies, airlines and other internationally oriented sectors.

See Also

Receive News & Ratings for U.S. Global Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Investors and related companies with MarketBeat.com's FREE daily email newsletter.