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

U.S. Global Investors, Inc. (NASDAQ:GROW)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.32 and traded as high as $2.45. U.S. Global Investors shares last traded at $2.42, with a volume of 46,203 shares changing hands.

Wall Street Analysts Forecast Growth

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

U.S. Global Investors Stock Performance

The company has a market capitalization of $31.82 million, a PE ratio of 80.67 and a beta of 1.41. The company has a 50 day moving average price of $2.22 and a 200 day moving average price of $2.32.

U.S. Global Investors (NASDAQ:GROW) last released 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 1.81% and a return on equity of 0.34%.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gator Capital Management LLC lifted its stake in U.S. Global Investors by 43.9% during the first quarter. Gator Capital Management LLC now owns 648,751 shares of the asset manager’s stock worth $1,466,000 after purchasing an additional 197,934 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 4,338 shares during the last quarter. Samalin Investment Counsel LLC lifted its stake in U.S. Global Investors by 93.9% during the first quarter. Samalin Investment Counsel LLC now owns 32,373 shares of the asset manager’s stock worth $73,000 after purchasing an additional 15,673 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in U.S. Global Investors during the fourth quarter worth $26,000. 23.62% of the stock is currently 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.