U.S. Global Investors (NASDAQ:GROW) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

U.S. Global Investors, Inc. (NASDAQ:GROW)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.80 and traded as high as $3.17. U.S. Global Investors shares last traded at $3.14, with a volume of 16,818 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

U.S. Global Investors Price Performance

The business’s 50 day moving average price is $2.75 and its 200-day moving average price is $2.80. The company has a market cap of $38.94 million, a P/E ratio of 12.08 and a beta of 0.70.

U.S. Global Investors Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.0075 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, September 14th. U.S. Global Investors’s dividend payout ratio is presently 34.62%.

Insiders Place Their Bets

In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc purchased 20,496 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $2.59 per share, with a total value of $53,084.64. Following the completion of the acquisition, the insider directly owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. This represents a 1.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Steven Pilecki purchased 20,496 shares of U.S. Global Investors stock in a transaction that occurred on 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 transaction, the insider owned 1,121,263 shares in the company, valued at $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 118,238 shares of company stock valued at $304,576. 19.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GROW. MAI Capital Management bought a new position in U.S. Global Investors in the 3rd quarter valued at $102,000. Citadel Advisors LLC increased its position in U.S. Global Investors by 52.1% in the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after purchasing an additional 14,938 shares during the period. Sandia Investment Management LP bought a new stake in U.S. Global Investors during the 4th quarter worth about $106,000. Dimensional Fund Advisors LP raised its holdings 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 worth $146,000 after purchasing an additional 5,056 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in U.S. Global Investors by 108.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after purchasing an additional 48,871 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

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.