U.S. Global Investors (NASDAQ:GROW) Stock Crosses Above 200-Day Moving Average – Should You Sell?

U.S. Global Investors, Inc. (NASDAQ:GROW)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a research note 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 Trading Up 1.0%

The firm has a market capitalization of $36.33 million, a P/E ratio of 11.27 and a beta of 0.66. The stock has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $2.88.

U.S. Global Investors Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be paid a $0.0075 dividend. 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 is 34.62%.

Insider Activity

In other U.S. Global Investors news, insider Derek Steven Pilecki purchased 23,910 shares of U.S. Global Investors stock in a transaction dated 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 acquisition, the insider owned 1,099,391 shares in the company, valued at $2,803,447.05. This trade represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gator Capital Management, Llc purchased 23,910 shares of the stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $2.55 per share, with a total value of $60,970.50. Following the transaction, the insider directly 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 disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by company insiders.

Institutional Trading of U.S. Global Investors

Several hedge funds have recently modified their holdings of GROW. Citadel Advisors LLC grew its position in shares of U.S. Global Investors by 52.1% in the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after buying an additional 14,938 shares during the last quarter. Sandia Investment Management LP purchased a new stake in U.S. Global Investors during the fourth quarter valued at approximately $106,000. Dimensional Fund Advisors LP lifted its position in U.S. Global Investors by 9.4% during the first 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 during the last quarter. Susquehanna International Group LLP boosted its stake in U.S. Global Investors by 108.2% in 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 in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after purchasing an additional 21,100 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.