Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Declines By 57.2%

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,281 shares, a decline of 57.2% from the June 30th total of 19,352 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 15,805 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Insider Transactions at U.S. Global Investors

In related news, insider Derek Steven Pilecki acquired 23,910 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average price of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the acquisition, the insider owned 1,099,391 shares of the company’s stock, valued at approximately $2,803,447.05. This represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gator Capital Management, Llc acquired 23,910 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the transaction, the insider owned 1,099,391 shares of the company’s stock, valued at approximately $2,803,447.05. This trade represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 118,238 shares of company stock worth $304,576 over the last three months. 19.19% of the stock is owned by insiders.

Hedge Funds Weigh In On U.S. Global Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GROW. Sandia Investment Management LP purchased a new position in shares of U.S. Global Investors in the fourth quarter worth about $106,000. Citadel Advisors LLC lifted its stake in shares of U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after buying an additional 14,938 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in U.S. Global Investors by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after buying an additional 5,056 shares during the period. Susquehanna International Group LLP boosted its holdings in U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares during the period. Finally, Renaissance Technologies LLC grew its stake in 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 valued at $478,000 after buying an additional 21,100 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Price Performance

Shares of GROW traded up $0.03 during mid-day trading on Tuesday, hitting $3.00. The stock had a trading volume of 91,155 shares, compared to its average volume of 42,140. U.S. Global Investors has a 52 week low of $2.23 and a 52 week high of $3.65. The business has a fifty day moving average price of $2.90 and a 200-day moving average price of $2.88. The firm has a market cap of $37.20 million, a P/E ratio of 11.54 and a beta of 0.66.

U.S. Global Investors Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a yield of 3.0%. U.S. Global Investors’s dividend payout ratio is 34.62%.

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.