U.S. Global Investors (NASDAQ:GROW) Shares Pass Above 200 Day Moving Average of $2.78

U.S. Global Investors, Inc. (NASDAQ:GROW) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.78 and traded as high as $2.81. U.S. Global Investors shares last traded at $2.69, with a volume of 18,972 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of U.S. Global Investors in a report on Thursday. They set a “hold” rating on the stock.

U.S. Global Investors Stock Performance

The firm has a market cap of $38.01 million, a price-to-earnings ratio of 11.70 and a beta of 1.97. The company’s fifty day moving average is $2.69 and its two-hundred day moving average is $2.78.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%. The business had revenue of $2.82 million for the quarter.

U.S. Global Investors Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be paid a dividend of $0.0075 per share. This is an increase from U.S. Global Investors’s previous dividend of $0.01. The ex-dividend date of this dividend is Friday, April 5th. This represents a yield of 3.21%. U.S. Global Investors’s payout ratio is 39.13%.

Institutional Investors Weigh In On U.S. Global Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in U.S. Global Investors by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 624,831 shares of the asset manager’s stock worth $1,781,000 after buying an additional 16,687 shares during the period. BlackRock Inc. increased its stake in U.S. Global Investors by 25.6% during the 1st quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock worth $906,000 after buying an additional 69,281 shares during the period. Bridgeway Capital Management LLC increased its stake in U.S. Global Investors by 4.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 96,093 shares of the asset manager’s stock worth $271,000 after buying an additional 3,840 shares during the period. Toroso Investments LLC increased its position in shares of U.S. Global Investors by 5.7% in the 1st quarter. Toroso Investments LLC now owns 101,821 shares of the asset manager’s stock worth $269,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of U.S. Global Investors by 13.0% in the 2nd quarter. Renaissance Technologies LLC now owns 82,915 shares of the asset manager’s stock worth $254,000 after purchasing an additional 9,547 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

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.