U.S. Global Investors (NASDAQ:GROW) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

U.S. Global Investors, Inc. (NASDAQ:GROW)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.75 and traded as high as $2.94. U.S. Global Investors shares last traded at $2.91, with a volume of 67,605 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of U.S. Global Investors in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, U.S. Global Investors has an average rating of “Hold”.

U.S. Global Investors Stock Up 4.7%

The firm has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.75. The company has a market cap of $36.08 million, a P/E ratio of 11.19 and a beta of 0.70.

Insider Buying and Selling at U.S. Global Investors

In other U.S. Global Investors news, insider Derek Steven Pilecki bought 20,496 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were bought 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Gator Capital Management, Llc bought 20,496 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the acquisition, the insider directly owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. The trade was a 1.86% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 118,238 shares of company stock worth $304,576 in the last 90 days. Company insiders own 19.19% of the company’s stock.

Hedge Funds Weigh In On U.S. Global Investors

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in U.S. Global Investors by 12.3% in the first 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 during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 5,056 shares during the period. North Star Investment Management Corp. raised its position in shares of U.S. Global Investors by 3,590.9% during the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after purchasing an additional 395,000 shares during the period. Sandia Investment Management LP acquired a new stake in shares of U.S. Global Investors during the fourth quarter worth about $106,000. Finally, Rothschild Wealth LLC acquired a new stake in shares of U.S. Global Investors during the fourth quarter worth about $1,260,000. 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.