U.S. Global Investors (NASDAQ:GROW) Shares Pass Above 200 Day Moving Average of $2.78

Shares of 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 $2.78 and traded as high as $2.81. U.S. Global Investors shares last traded at $2.69, with a volume of 18,972 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on U.S. Global Investors in a research note on Thursday. They issued a “hold” rating for the company.

U.S. Global Investors Stock Performance

The company has a market cap of $38.01 million, a PE ratio of 11.70 and a beta of 1.97. The stock has a 50 day moving average of $2.69 and a 200-day moving average of $2.78.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. The company had revenue of $2.82 million for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%.

U.S. Global Investors Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a dividend of $0.0075 per share. This is an increase from U.S. Global Investors’s previous dividend of $0.01. This represents a yield of 3.21%. The ex-dividend date is Friday, April 5th. U.S. Global Investors’s dividend payout ratio (DPR) is currently 39.13%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GROW. IHT Wealth Management LLC acquired a new stake in shares of U.S. Global Investors during the 2nd quarter valued at about $32,000. Morgan Stanley grew its position in shares of U.S. Global Investors by 208,833.3% during the 4th quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 12,530 shares during the period. Parallax Volatility Advisers L.P. acquired a new stake in shares of U.S. Global Investors during the 4th quarter valued at about $56,000. Jane Street Group LLC acquired a new stake in shares of U.S. Global Investors during the 2nd quarter valued at about $96,000. Finally, Vima LLC acquired a new stake in shares of U.S. Global Investors during the 4th quarter valued at about $117,000. 23.62% of the stock is owned by institutional investors and hedge funds.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.