Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Drops By 57.2%

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 8,281 shares, a decline of 57.2% from the June 30th total of 19,352 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 15,805 shares, the short-interest ratio is currently 0.5 days.

U.S. Global Investors Price Performance

U.S. Global Investors stock opened at $2.93 on Monday. The firm has a market cap of $36.33 million, a P/E ratio of 11.27 and a beta of 0.66. The business has a fifty day moving average of $2.89 and a two-hundred day moving average of $2.88. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65.

U.S. Global Investors Announces Dividend

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

Insider Buying and Selling at U.S. Global Investors

In other news, major shareholder Gator Capital Management, Llc bought 20,496 shares of the stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average cost of $2.59 per share, for a total transaction of $53,084.64. Following the acquisition, the insider owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Derek Steven Pilecki purchased 20,496 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $2.59 per share, for a total transaction 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 represents a 1.86% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 118,238 shares of company stock valued at $304,576 over the last quarter. Company insiders own 19.19% of the company’s stock.

Hedge Funds Weigh In On U.S. Global Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC lifted its position in shares of U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after buying an additional 14,938 shares during the last quarter. Susquehanna International Group LLP boosted its holdings 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 buying an additional 48,871 shares in the last quarter. Gator Capital Management LLC grew its position in shares of U.S. Global Investors by 18.9% in the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after buying an additional 132,207 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of U.S. Global Investors in the 4th quarter worth approximately $1,260,000. Finally, Sandia Investment Management LP bought a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $106,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

Analyst Ratings Changes

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

About U.S. Global Investors

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.