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

Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.92 and traded as high as $3.12. U.S. Global Investors shares last traded at $3.11, with a volume of 11,193 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, U.S. Global Investors has a consensus rating of “Buy”.

U.S. Global Investors Price Performance

The company’s 50-day simple moving average is $2.99 and its two-hundred day simple moving average is $2.93. The firm has a market capitalization of $38.82 million, a P/E ratio of 12.04 and a beta of 0.68.

U.S. Global Investors Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. U.S. Global Investors’s dividend payout ratio is 34.62%.

Insider Activity at U.S. Global Investors

In other news, major shareholder Gator Capital Management, Llc acquired 20,496 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the completion of the transaction, the insider directly owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This trade represents a 1.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Derek Steven Pilecki purchased 20,496 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the acquisition, the insider directly owned 1,121,263 shares in the company, valued at $2,904,071.17. This trade represents a 1.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 92,224 shares of company stock worth $236,981 in the last three months. 19.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On U.S. Global Investors

Several large investors have recently modified their holdings of the business. Sandia Investment Management LP purchased a new position in U.S. Global Investors during the 4th quarter worth $106,000. Citadel Advisors LLC increased its stake in shares of U.S. Global Investors by 52.1% in the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after acquiring an additional 14,938 shares during the period. Dimensional Fund Advisors LP grew its position in U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after purchasing an additional 5,056 shares during the period. Susquehanna International Group LLP raised its position in U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares in the last quarter. Finally, Renaissance Technologies LLC lifted 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 valued at $478,000 after purchasing an additional 21,100 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 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.