U.S. Global Investors (NASDAQ:GROW) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

U.S. Global Investors, Inc. (NASDAQ:GROW) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $2.88 and traded as high as $2.94. U.S. Global Investors shares last traded at $2.93, with a volume of 5,884 shares traded.

Wall Street Analyst Weigh In

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

U.S. Global Investors Stock Up 0.7%

The firm has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $2.88. The company has a market capitalization of $36.04 million, a P/E ratio of 11.72 and a beta of 0.67.

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

U.S. Global Investors Dividend Announcement

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

Hedge Funds Weigh In On U.S. Global Investors

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 5,056 shares during the period. Proficio Capital Partners LLC increased its stake in U.S. Global Investors by 24.6% in the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after acquiring an additional 10,785 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 worth $478,000 after purchasing an additional 21,100 shares during the last quarter. North Star Investment Management Corp. increased its stake in shares of U.S. Global Investors by 3,590.9% in 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 purchasing an additional 395,000 shares during the last quarter. Finally, Gator Capital Management LLC grew its position in U.S. Global Investors by 18.9% in the fourth 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. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc (NASDAQ:GROW) is an investment management company headquartered in San Antonio, Texas. The firm provides investment advisory and portfolio management services through a range of mutual funds, exchange-traded funds and other investment strategies.

The company focuses on specialized areas of the global markets, including precious metals and natural resources, emerging markets, infrastructure and transportation. Its investment products have included funds and ETFs providing exposure to gold and precious-metals mining companies, airlines and other internationally oriented sectors.