U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,258 shares, a drop of 32.6% from the July 30th total of 9,286 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 16,695 shares, the short-interest ratio is currently 0.4 days.

U.S. Global Investors Price Performance

Shares of GROW stock traded up $0.09 during trading hours on Tuesday, reaching $3.36. The stock had a trading volume of 20,386 shares, compared to its average volume of 37,859. The firm has a market capitalization of $41.66 million, a PE ratio of 12.92 and a beta of 0.68. The firm has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $2.94. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65.

U.S. Global Investors Announces Dividend

The company also recently declared 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 dividend yield of 2.7%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 34.62%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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.com, the company presently has an average rating of “Buy”.

Institutional Investors Weigh In On U.S. Global Investors

A number of hedge funds have recently made changes to their positions in GROW. Proficio Capital Partners LLC grew its holdings in U.S. Global Investors by 24.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after buying an additional 10,785 shares in the last quarter. Renaissance Technologies LLC raised its stake in 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 acquiring an additional 21,100 shares in the last quarter. 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 in the last quarter. North Star Investment Management Corp. boosted its position in U.S. Global Investors by 3,590.9% during the 1st 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. Finally, Sandia Investment Management LP acquired a new position in U.S. Global Investors during the 4th quarter worth $106,000. Institutional investors 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.