U.S. Global Investors (NASDAQ:GROW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

U.S. Global Investors, Inc. (NASDAQ:GROW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.41 and traded as high as $2.65. U.S. Global Investors shares last traded at $2.54, with a volume of 42,974 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of U.S. Global Investors in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

U.S. Global Investors Stock Down 2.3%

The business’s fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $2.41. The company has a market cap of $32.92 million, a price-to-earnings ratio of -63.50 and a beta of 1.10.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings data on Monday, September 8th. The asset manager reported ($0.02) earnings per share for the quarter. U.S. Global Investors had a negative return on equity of 0.71% and a negative net margin of 3.95%.The company had revenue of $1.96 million for the quarter.

U.S. Global Investors Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be issued a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. U.S. Global Investors’s dividend payout ratio (DPR) is presently -225.00%.

Institutional Trading of U.S. Global Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gator Capital Management LLC raised its holdings in U.S. Global Investors by 5.5% during the second quarter. Gator Capital Management LLC now owns 684,223 shares of the asset manager’s stock worth $1,779,000 after purchasing an additional 35,472 shares in the last quarter. Kanen Wealth Management LLC acquired a new position in shares of U.S. Global Investors in the 2nd quarter valued at $1,179,000. CWA Asset Management Group LLC increased its holdings in shares of U.S. Global Investors by 68.8% in the 3rd quarter. CWA Asset Management Group LLC now owns 253,214 shares of the asset manager’s stock valued at $696,000 after acquiring an additional 103,214 shares during the period. J. W. Coons Advisors LLC acquired a new position in shares of U.S. Global Investors in the 2nd quarter valued at $95,000. Finally, Samalin Investment Counsel LLC increased its holdings in shares of U.S. Global Investors by 93.9% in the 1st quarter. Samalin Investment Counsel LLC now owns 32,373 shares of the asset manager’s stock valued at $73,000 after acquiring an additional 15,673 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.