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

Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.87 and traded as high as $2.95. U.S. Global Investors shares last traded at $2.94, with a volume of 11,656 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, U.S. Global Investors has an average rating of “Hold”.

U.S. Global Investors Trading Up 1.4%

The firm’s 50-day moving average is $2.88 and its 200 day moving average is $2.87. The firm has a market capitalization of $36.46 million, a price-to-earnings ratio of 11.31 and a beta of 0.66.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 3.1%. U.S. Global Investors’s payout ratio is currently 34.62%.

Insiders Place Their Bets

In related news, major shareholder Gator Capital Management, Llc bought 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average cost of $2.59 per share, with a total value of $53,084.64. Following the transaction, the insider directly owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This trade represents a 1.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Derek Steven Pilecki bought 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of $2.59 per share, with a total value of $53,084.64. Following the completion of the transaction, the insider owned 1,121,263 shares in the company, valued at $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 118,238 shares of company stock valued at $304,576 over the last 90 days. 19.19% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On U.S. Global Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gator Capital Management LLC increased its position in U.S. Global Investors by 18.9% during the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock valued at $2,008,000 after purchasing an additional 132,207 shares during the period. Rothschild Wealth LLC bought a new position in U.S. Global Investors during the 4th quarter worth approximately $1,260,000. North Star Investment Management Corp. lifted its position in shares of U.S. Global Investors by 3,590.9% in the 1st quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after purchasing an additional 395,000 shares during the period. Renaissance Technologies LLC lifted its position in shares of U.S. Global Investors by 12.3% in the 1st quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after purchasing an additional 21,100 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in shares of 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 purchasing an additional 48,871 shares during the last quarter. 23.62% of the stock is owned by institutional investors and hedge funds.

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.