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

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

Insiders Place Their Bets

In related news, insider Derek Steven Pilecki acquired 23,910 shares of the stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $2.55 per share, with a total value of $60,970.50. Following the purchase, the insider directly owned 1,099,391 shares of the company’s stock, valued at approximately $2,803,447.05. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Gator Capital Management, Llc acquired 23,910 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $2.55 per share, with a total value of $60,970.50. Following the completion of the purchase, the insider directly owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by company insiders.

Institutional Trading of U.S. Global Investors

Large investors have recently modified their holdings of the company. Gator Capital Management LLC raised its stake 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 acquiring an additional 132,207 shares in the last quarter. Rothschild Wealth LLC bought a new position in shares of U.S. Global Investors in the fourth quarter worth $1,260,000. North Star Investment Management Corp. grew its stake in shares of U.S. Global Investors by 3,590.9% in the first 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 in the last quarter. Renaissance Technologies LLC grew its stake in shares of U.S. Global Investors by 12.3% in the first 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 in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of U.S. Global Investors by 108.2% during the third 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 period. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW traded down $0.07 during midday trading on Wednesday, hitting $2.93. The company’s stock had a trading volume of 20,449 shares, compared to its average volume of 41,988. U.S. Global Investors has a 1-year low of $2.23 and a 1-year high of $3.65. The firm’s fifty day moving average price is $2.91 and its 200-day moving average price is $2.89. The firm has a market cap of $36.34 million, a P/E ratio of 11.27 and a beta of 0.66.

U.S. Global Investors Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.0075 per share. 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 34.62%.

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 investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average 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.