U.S. Global Investors, Inc. (NASDAQ:GROW) Sees Significant Growth in Short Interest

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 19,352 shares, a growth of 152.5% from the June 15th total of 7,665 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 42,666 shares, the short-interest ratio is presently 0.5 days.

U.S. Global Investors Stock Down 0.3%

U.S. Global Investors stock traded down $0.01 during midday trading on Thursday, reaching $2.93. The company’s stock had a trading volume of 959 shares, compared to its average volume of 43,152. U.S. Global Investors has a fifty-two week low of $2.23 and a fifty-two week high of $3.65. The company has a market cap of $36.34 million, a P/E ratio of 11.27 and a beta of 0.66. The business has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $2.86.

U.S. Global Investors Dividend Announcement

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

Insider Transactions at U.S. Global Investors

In related news, insider Derek Steven Pilecki acquired 20,496 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gator Capital Management, Llc acquired 20,496 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $2.59 per share, with a total value of $53,084.64. Following the purchase, 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 position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 118,238 shares of company stock worth $304,576 in the last ninety days. 19.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors have recently added to or reduced their stakes in GROW. Rothschild Wealth LLC acquired a new stake in U.S. Global Investors during the fourth quarter worth approximately $1,260,000. North Star Investment Management Corp. boosted its holdings 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 valued at $1,007,000 after buying an additional 395,000 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of U.S. Global Investors by 66.4% in the 4th quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after buying an additional 168,176 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 valued at $2,008,000 after buying an additional 132,207 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position 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 during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

Analyst Ratings Changes

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

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.