U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,258 shares, a decline of 32.6% from the July 30th total of 9,286 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 16,695 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds have recently added to or reduced their stakes in GROW. Citadel Advisors LLC lifted its holdings 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 purchasing an additional 14,938 shares in the last quarter. Sandia Investment Management LP bought a new stake in U.S. Global Investors in the 4th quarter worth approximately $106,000. Proficio Capital Partners LLC grew its position in U.S. Global Investors by 24.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after purchasing an additional 10,785 shares during the period. Dimensional Fund Advisors LP raised its stake in U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after buying an additional 5,056 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake in U.S. Global Investors by 108.2% during 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 during the last quarter. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Stock Performance

Shares of U.S. Global Investors stock opened at $3.36 on Wednesday. U.S. Global Investors has a 52-week low of $2.23 and a 52-week high of $3.65. The company’s 50 day moving average price is $3.09 and its 200-day moving average price is $2.94. The stock has a market capitalization of $41.66 million, a price-to-earnings ratio of 12.92 and a beta of 0.68.

U.S. Global Investors Announces Dividend

The company also recently declared 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 is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 2.7%. U.S. Global Investors’s payout ratio is currently 34.62%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

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.