U.S. Global Investors (NASDAQ:GROW) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

U.S. Global Investors, Inc. (NASDAQ:GROW) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.93 and traded as high as $3.29. U.S. Global Investors shares last traded at $3.26, with a volume of 12,037 shares trading hands.

Analysts Set New Price Targets

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, August 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

U.S. Global Investors Price Performance

The firm has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $2.93. The stock has a market cap of $40.80 million, a price-to-earnings ratio of 12.65 and a beta of 0.68.

U.S. Global Investors Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be issued a dividend of $0.0075 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a yield of 2.7%. U.S. Global Investors’s payout ratio is currently 34.62%.

Insider Buying and Selling

In other news, insider Derek Steven Pilecki bought 20,496 shares of the stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $2.59 per share, with a total value of $53,084.64. Following the completion of the purchase, the insider owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. This trade represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Gator Capital Management, Llc bought 20,496 shares of the business’s stock in a transaction on 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 acquisition, the insider owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. This trade represents a 1.86% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 44,404 shares of company stock valued at $115,040. Corporate insiders own 19.19% of the company’s stock.

Institutional Investors Weigh In On U.S. Global Investors

A number of hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC raised its holdings in shares of U.S. Global Investors by 24.6% during the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after acquiring an additional 10,785 shares during the period. Renaissance Technologies LLC boosted its position in U.S. Global Investors by 12.3% during the first 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 last quarter. Dimensional Fund Advisors LP raised its position in U.S. Global Investors by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after acquiring an additional 5,056 shares in the last quarter. North Star Investment Management Corp. raised its holdings in shares of U.S. Global Investors by 3,590.9% in the 1st quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock valued at $1,007,000 after purchasing an additional 395,000 shares during the period. Finally, Sandia Investment Management LP acquired a new stake in U.S. Global Investors in the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

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.