U.S. Global Investors, Inc. (NASDAQ:GROW) Sees Large Growth in Short Interest

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 19,352 shares, an increase of 152.5% from the June 15th total of 7,665 shares. Based on an average daily trading volume, of 42,666 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Insider Activity at U.S. Global Investors

In other news, insider Derek Steven Pilecki purchased 20,496 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of $2.59 per share, with a total value of $53,084.64. Following the purchase, the insider owned 1,121,263 shares in the company, valued at $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gator Capital Management, Llc bought 20,496 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost 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 of the company’s stock, valued at $2,904,071.17. This trade represents a 1.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 118,238 shares of company stock valued at $304,576. Insiders own 19.19% of the company’s stock.

Hedge Funds Weigh In On U.S. Global Investors

Hedge funds have recently modified their holdings of the company. Rothschild Wealth LLC bought a new position in shares of U.S. Global Investors in the fourth quarter valued at approximately $1,260,000. North Star Investment Management Corp. lifted 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 acquiring an additional 395,000 shares during the period. CWA Asset Management Group LLC lifted its holdings in U.S. Global Investors by 66.4% during the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock worth $1,016,000 after acquiring an additional 168,176 shares during the period. Gator Capital Management LLC boosted its position in U.S. Global Investors by 18.9% in the fourth quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after purchasing an additional 132,207 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its position in U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after purchasing an additional 48,871 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Price Performance

NASDAQ GROW opened at $2.94 on Tuesday. The company has a fifty day moving average price of $2.83 and a 200-day moving average price of $2.85. The firm has a market cap of $36.46 million, a price-to-earnings ratio of 11.31 and a beta of 0.66. U.S. Global Investors has a 1 year low of $2.23 and a 1 year high of $3.65.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 14th will be paid a $0.0075 dividend. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 3.1%. U.S. Global Investors’s dividend payout ratio (DPR) is 34.62%.

Analyst Upgrades and Downgrades

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

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.