Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Drops By 57.2%

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 8,281 shares, a decline of 57.2% from the June 30th total of 19,352 shares. Based on an average daily volume of 15,805 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

U.S. Global Investors Price Performance

U.S. Global Investors stock opened at $2.93 on Monday. U.S. Global Investors has a 52 week low of $2.23 and a 52 week high of $3.65. The company has a market capitalization of $36.33 million, a price-to-earnings ratio of 11.27 and a beta of 0.66. The stock has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.88.

U.S. Global Investors Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 14th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a yield of 3.1%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 34.62%.

Insider Buying and Selling at U.S. Global Investors

In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc purchased 23,910 shares of U.S. Global Investors stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $2.55 per share, with a total value of $60,970.50. Following the completion of the transaction, the insider owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. This trade represents a 2.22% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Derek Steven Pilecki purchased 23,910 shares of U.S. Global Investors stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the transaction, the insider owned 1,099,391 shares of the company’s stock, valued at approximately $2,803,447.05. This represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 118,238 shares of company stock worth $304,576 over the last ninety days. Corporate insiders own 19.19% of the company’s stock.

Institutional Trading of U.S. Global Investors

Large investors have recently made changes to their positions in the business. Gator Capital Management LLC boosted its holdings in shares of U.S. Global Investors by 18.9% in the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock valued at $2,008,000 after acquiring an additional 132,207 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of U.S. Global Investors during the fourth quarter worth $1,260,000. North Star Investment Management Corp. raised its holdings 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 last quarter. Renaissance Technologies LLC lifted its position in U.S. Global Investors by 12.3% during the first 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 period. Finally, Susquehanna International Group LLP lifted its position in U.S. Global Investors by 108.2% during the third 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. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.