U.S. Global Investors (NASDAQ:GROW) Shares Cross Above 200-Day Moving Average – Here’s Why

U.S. Global Investors, Inc. (NASDAQ:GROW)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.48 and traded as high as $2.55. U.S. Global Investors shares last traded at $2.48, with a volume of 311,258 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of U.S. Global Investors in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, U.S. Global Investors presently has an average rating of “Hold”.

U.S. Global Investors Trading Down 0.4%

The business has a 50 day simple moving average of $2.43 and a 200-day simple moving average of $2.48. The stock has a market capitalization of $32.14 million, a price-to-earnings ratio of 41.34 and a beta of 0.63.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings data on Wednesday, November 12th. The asset manager reported $0.12 EPS for the quarter. The company had revenue of $2.25 million during the quarter. U.S. Global Investors had a net margin of 10.04% and a return on equity of 1.86%.

U.S. Global Investors Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 3.6%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 150.00%.

Institutional Trading of U.S. Global Investors

A number of institutional investors and hedge funds have recently made changes to their positions in GROW. Gator Capital Management LLC boosted its holdings in U.S. Global Investors by 5.5% in the second quarter. Gator Capital Management LLC now owns 684,223 shares of the asset manager’s stock valued at $1,779,000 after acquiring an additional 35,472 shares during the last quarter. J. W. Coons Advisors LLC acquired a new position in shares of U.S. Global Investors in the 2nd quarter valued at about $95,000. Kanen Wealth Management LLC purchased a new stake in shares of U.S. Global Investors during the 2nd quarter worth about $1,179,000. Susquehanna International Group LLP increased 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 worth $259,000 after purchasing an additional 48,871 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in U.S. Global Investors by 66.4% in the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after buying an additional 168,176 shares during the period. 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.