U.S. Global Investors (NASDAQ:GROW) Shares Pass Above 200 Day Moving Average – Time to Sell?

U.S. Global Investors, Inc. (NASDAQ:GROW)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.90 and traded as high as $3.02. U.S. Global Investors shares last traded at $2.98, with a volume of 53,656 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

U.S. Global Investors Trading Up 2.3%

The firm has a market cap of $37.82 million, a PE ratio of 11.73 and a beta of 0.68. The firm’s 50 day simple moving average is $2.94 and its 200 day simple moving average is $2.90.

U.S. Global Investors Announces Dividend

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

Insider Transactions at U.S. Global Investors

In other news, major shareholder Gator Capital Management, Llc acquired 20,496 shares of U.S. Global Investors stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average price of $2.59 per share, with a total value of $53,084.64. Following the purchase, the insider directly owned 1,121,263 shares in the company, valued at $2,904,071.17. The trade was a 1.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Steven Pilecki acquired 20,496 shares of the firm’s 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 acquisition, the insider directly owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 117,310 shares of company stock worth $302,146 over the last quarter. 19.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sandia Investment Management LP bought a new stake in U.S. Global Investors in the fourth quarter worth $106,000. Citadel Advisors LLC grew its stake in shares of U.S. Global Investors by 52.1% in the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after buying an additional 14,938 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 last quarter. Susquehanna International Group LLP increased its holdings in shares of 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 last quarter. Finally, Renaissance Technologies LLC raised its position in shares of U.S. Global Investors by 12.3% during 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. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.