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

Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.72 and traded as high as $2.88. U.S. Global Investors shares last traded at $2.70, with a volume of 6,927 shares traded.

Analyst Upgrades and Downgrades

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

U.S. Global Investors Trading Down 1.5%

The stock has a market capitalization of $34.99 million, a PE ratio of -270,000.00 and a beta of 0.72. The stock’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $2.72.

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

U.S. Global Investors Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a $0.0075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On U.S. Global Investors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Samalin Investment Counsel LLC purchased a new position in shares of U.S. Global Investors in the 3rd quarter worth about $92,000. MAI Capital Management bought a new stake in U.S. Global Investors in the 3rd quarter valued at about $102,000. Citadel Advisors LLC raised its stake in U.S. Global Investors by 52.1% in the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 14,938 shares during the period. Sandia Investment Management LP bought a new stake in U.S. Global Investors in the 4th quarter valued at about $106,000. Finally, Susquehanna International Group LLP raised its stake in U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares during the period. 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 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.