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

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,466 shares, a drop of 41.2% from the September 15th total of 10,996 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 12,181 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors have recently added to or reduced their stakes in GROW. Dimensional Fund Advisors LP raised its stake 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 valued at $146,000 after acquiring an additional 5,056 shares during the last quarter. Proficio Capital Partners LLC lifted its position in U.S. Global Investors by 24.6% during the 2nd 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 grew 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 last quarter. Finally, North Star Investment Management Corp. grew its stake 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 last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Stock Performance

Shares of U.S. Global Investors stock opened at $2.74 on Thursday. U.S. Global Investors has a 1 year low of $2.23 and a 1 year high of $3.65. The company has a market capitalization of $33.70 million, a P/E ratio of 10.96 and a beta of 0.67. The company’s fifty day moving average is $3.05 and its two-hundred day moving average is $2.88.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings data on Thursday, September 3rd. The asset manager reported ($0.03) EPS for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%. The business had revenue of $2.73 million during the quarter.

U.S. Global Investors Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be issued a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.3%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 36.00%.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc (NASDAQ:GROW) is an investment management company headquartered in San Antonio, Texas. The firm provides investment advisory and portfolio management services through a range of mutual funds, exchange-traded funds and other investment strategies.

The company focuses on specialized areas of the global markets, including precious metals and natural resources, emerging markets, infrastructure and transportation. Its investment products have included funds and ETFs providing exposure to gold and precious-metals mining companies, airlines and other internationally oriented sectors.