U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Up 64.0% in April

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 12,300 shares, a growth of 64.0% from the March 31st total of 7,500 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

U.S. Global Investors Stock Down 0.4 %

NASDAQ GROW opened at $2.69 on Friday. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.30. The firm has a 50 day moving average of $2.70 and a two-hundred day moving average of $2.78. The stock has a market capitalization of $38.01 million, a PE ratio of 11.70 and a beta of 1.97.

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

U.S. Global Investors Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a $0.0075 dividend. The ex-dividend date was Friday, April 5th. This represents a dividend yield of 3.21%. This is an increase from U.S. Global Investors’s previous dividend of $0.01. U.S. Global Investors’s dividend payout ratio is presently 39.13%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on U.S. Global Investors in a research report on Friday. They set a “hold” rating for the company.

Institutional Investors Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors as of its most recent SEC filing. Hedge funds and other institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

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.