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

U.S. Global Investors, Inc. (NASDAQ:GROW) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.71 and traded as high as $3.12. U.S. Global Investors shares last traded at $2.99, with a volume of 30,653 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of U.S. Global Investors in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

U.S. Global Investors Price Performance

The company has a 50-day moving average of $3.11 and a two-hundred day moving average of $2.72. The stock has a market capitalization of $37.07 million, a PE ratio of -286,000.00 and a beta of 0.60.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings results on Friday, February 20th. The asset manager reported ($0.07) EPS for the quarter. U.S. Global Investors had a net margin of 1.11% and a return on equity of 0.22%. The business had revenue of $2.51 million during the quarter.

U.S. Global Investors Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 3.1%.

Hedge Funds Weigh In On U.S. Global Investors

A number of large investors have recently bought and sold shares of the stock. Samalin Investment Counsel LLC purchased a new stake in shares of U.S. Global Investors during the 3rd quarter valued at $92,000. MAI Capital Management purchased a new position in shares of U.S. Global Investors in the 3rd quarter worth $102,000. Sandia Investment Management LP acquired a new position in U.S. Global Investors in the fourth quarter valued at $106,000. Citadel Advisors LLC boosted its holdings 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 valued at $120,000 after acquiring an additional 14,938 shares during the last quarter. Finally, Susquehanna International Group LLP grew 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 acquiring an additional 48,871 shares during the period. Hedge funds and other 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.