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

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 $2.87 and traded as high as $2.95. U.S. Global Investors shares last traded at $2.94, with a volume of 11,656 shares changing hands.

Analyst Ratings Changes

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

U.S. Global Investors Stock Up 1.4%

The firm has a market cap of $36.46 million, a price-to-earnings ratio of 11.31 and a beta of 0.66. The firm has a 50 day moving average of $2.88 and a 200 day moving average of $2.87.

U.S. Global Investors Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be given a dividend of $0.0075 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend 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 23,910 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $2.55 per share, for a total transaction of $60,970.50. Following the purchase, the insider owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. This trade represents a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Derek Steven Pilecki purchased 23,910 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $2.55 per share, with a total value of $60,970.50. Following the purchase, the insider directly owned 1,099,391 shares in the company, valued at $2,803,447.05. This represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GROW. Citadel Advisors LLC increased its position in shares of U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after acquiring an additional 14,938 shares in the last quarter. Sandia Investment Management LP acquired a new stake in shares of U.S. Global Investors in the 4th quarter worth about $106,000. Dimensional Fund Advisors LP lifted its position in U.S. Global Investors by 9.4% in 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. Susquehanna International Group LLP lifted its position in U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares in the last quarter. Finally, Renaissance Technologies LLC boosted 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 purchasing an additional 21,100 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.