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

U.S. Global Investors, Inc. (NASDAQ:GROW) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $2.89 and traded as high as $2.90. U.S. Global Investors shares last traded at $2.87, with a volume of 17,535 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

U.S. Global Investors Trading Down 0.3%

The firm has a market capitalization of $35.18 million, a PE ratio of 11.44 and a beta of 0.67. The firm has a 50-day moving average of $3.07 and a two-hundred day moving average of $2.89.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $2.73 million for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s payout ratio is currently 36.00%.

Institutional Investors Weigh In On U.S. Global Investors

Large investors have recently modified their holdings of the stock. Proficio Capital Partners LLC raised its stake in shares of U.S. Global Investors by 24.6% during the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after purchasing an additional 10,785 shares during the period. Renaissance Technologies LLC raised its position in shares of U.S. Global Investors by 12.3% in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after buying an additional 5,056 shares during the last quarter. North Star Investment Management Corp. boosted its stake in U.S. Global Investors by 3,590.9% during the 1st quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock valued at $1,007,000 after acquiring an additional 395,000 shares during the last quarter. Finally, Gator Capital Management LLC lifted its holdings in U.S. Global Investors by 18.9% during the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after buying an additional 132,207 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is an investment management company headquartered in San Antonio, Texas. Founded in 1968, the company provides investment advisory and portfolio management services to individual and institutional investors through a range of mutual funds and exchange-traded funds.

The company’s investment offerings focus on specialized areas of the global economy, including natural resources, precious metals, emerging markets, infrastructure, transportation and travel-related industries.