U.S. Global Investors (NASDAQ:GROW) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

U.S. Global Investors, Inc. (NASDAQ:GROW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.67 and traded as high as $3.38. U.S. Global Investors shares last traded at $3.37, with a volume of 9,118 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of U.S. Global Investors in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

U.S. Global Investors Stock Performance

The business’s 50-day moving average price is $2.97 and its 200 day moving average price is $2.67. The company has a market cap of $43.68 million, a P/E ratio of -337,000.00 and a beta of 0.60.

U.S. Global Investors (NASDAQ:GROW) last issued its earnings results on Friday, February 20th. The asset manager reported ($0.07) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 1.11% and a return on equity of 0.22%. The firm had revenue of $2.51 million during the quarter.

Institutional Trading of U.S. Global Investors

Institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC increased its holdings in shares of U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after acquiring an additional 14,938 shares during the last quarter. Gator Capital Management LLC lifted its holdings in U.S. Global Investors by 2.4% during the 3rd quarter. Gator Capital Management LLC now owns 700,884 shares of the asset manager’s stock valued at $1,927,000 after purchasing an additional 16,661 shares during the last quarter. Samalin Investment Counsel LLC acquired a new stake in U.S. Global Investors during the 3rd quarter valued at $92,000. MAI Capital Management bought a new position in U.S. Global Investors during the third quarter worth $102,000. Finally, Sandia Investment Management LP bought a new position in U.S. Global Investors during the fourth quarter worth $106,000. Institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.