U.S. Global Investors (NASDAQ:GROW) Stock Breaks Above Two Hundred Day Moving Average – Here’s Why

Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.91 and traded as high as $3.00. U.S. Global Investors shares last traded at $2.97, with a volume of 14,157 shares trading hands.

Analyst Upgrades and Downgrades

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

U.S. Global Investors Stock Performance

The firm has a market capitalization of $36.65 million, a P/E ratio of 11.92 and a beta of 0.68. The business has a fifty day moving average of $3.07 and a 200-day moving average of $2.91.

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

U.S. Global Investors Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be paid a dividend of $0.0075 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s payout ratio is currently 36.00%.

Hedge Funds Weigh In On U.S. Global Investors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. raised 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 purchasing an additional 395,000 shares in the last quarter. Gator Capital Management LLC boosted its stake in U.S. Global Investors by 18.9% during 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of U.S. Global Investors by 12.3% in the 1st quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after buying an additional 21,100 shares in the last quarter. 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. Finally, Dimensional Fund Advisors LP lifted its holdings 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 during the period. Institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is an investment management company headquartered in San Antonio, Texas. Founded in 1968, the company provides investment advisory and portfolio management services to individual and institutional investors through a range of mutual funds and exchange-traded funds.

The company’s investment offerings focus on specialized areas of the global economy, including natural resources, precious metals, emerging markets, infrastructure, transportation and travel-related industries.