U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 38,100 shares, a drop of 13.2% from the January 15th total of 43,900 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 27,000 shares, the days-to-cover ratio is currently 1.4 days.

U.S. Global Investors Price Performance

NASDAQ GROW traded down $0.02 during trading hours on Tuesday, reaching $2.42. The company’s stock had a trading volume of 22,043 shares, compared to its average volume of 25,611. The firm has a fifty day simple moving average of $2.44 and a 200-day simple moving average of $2.48. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $2.95. The stock has a market cap of $32.73 million, a P/E ratio of 18.62 and a beta of 1.82.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were given a dividend of $0.0075 per share. This represents a yield of 3.7%. The ex-dividend date was Monday, January 13th. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on U.S. Global Investors in a report on Sunday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On U.S. Global Investors

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of U.S. Global Investors by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after acquiring an additional 4,338 shares during the last quarter. XTX Topco Ltd bought a new position in U.S. Global Investors during the 4th quarter worth approximately $26,000. Gator Capital Management LLC raised its holdings in U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after purchasing an additional 154,836 shares during the last quarter. Finally, Samalin Investment Counsel LLC acquired a new position in shares of U.S. Global Investors in the 4th quarter worth approximately $41,000. Institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.