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

U.S. Global Investors, Inc. (NASDAQ:GROW) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.32 and traded as high as $2.44. U.S. Global Investors shares last traded at $2.43, with a volume of 32,886 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of U.S. Global Investors in a research report on Thursday, May 15th. They set a “hold” rating for the company.

U.S. Global Investors Stock Up 0.4%

The company has a market cap of $31.94 million, a price-to-earnings ratio of 81.03 and a beta of 1.41. The firm has a 50 day moving average price of $2.18 and a two-hundred day moving average price of $2.32.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Thursday, May 8th. The asset manager reported ($0.03) EPS for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

U.S. Global Investors Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.09 dividend on an annualized basis and a yield of 3.70%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 300.00%.

Institutional Trading of U.S. Global Investors

Institutional investors and hedge funds have recently modified their holdings of the stock. Samalin Investment Counsel LLC purchased a new stake in shares of U.S. Global Investors in the fourth quarter valued at about $41,000. Gator Capital Management LLC boosted its holdings in U.S. Global Investors by 52.3% during the fourth 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. XTX Topco Ltd purchased a new stake in U.S. Global Investors in the 4th quarter valued at about $26,000. Finally, Dimensional Fund Advisors LP increased its stake in U.S. Global Investors by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after buying an additional 4,338 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.