Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Declines By 31.7%

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 32,100 shares, a decrease of 31.7% from the February 28th total of 47,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is presently 1.3 days.

U.S. Global Investors Stock Performance

Shares of GROW stock traded down $0.01 during midday trading on Monday, reaching $2.26. 13,736 shares of the company were exchanged, compared to its average volume of 30,951. The company’s 50 day moving average price is $2.38 and its two-hundred day moving average price is $2.43. The company has a market cap of $30.18 million, a P/E ratio of 75.36 and a beta of 1.80. U.S. Global Investors has a 12 month low of $2.20 and a 12 month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

U.S. Global Investors Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 14th will be paid a dividend of $0.0075 per share. The ex-dividend date is Monday, April 14th. This represents a $0.09 annualized dividend and a yield of 3.98%. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Institutional Investors Weigh In On U.S. Global Investors

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in shares of U.S. Global Investors during the 4th quarter valued at about $26,000. Samalin Investment Counsel LLC acquired a new stake in U.S. Global Investors during the fourth quarter valued at approximately $41,000. Dimensional Fund Advisors LP boosted its holdings in U.S. Global Investors by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after buying an additional 4,338 shares in the last quarter. Finally, Gator Capital Management LLC grew its position in U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after buying an additional 154,836 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of U.S. Global Investors in a research note on Friday. They set a “hold” rating on the stock.

About U.S. Global Investors

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.