Short Interest in U.S. Global Investors, Inc. (NASDAQ:GROW) Grows By 64.0%

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 12,300 shares, a growth of 64.0% from the March 31st total of 7,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 34,100 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of U.S. Global Investors in a research note on Friday. They set a “hold” rating on the stock.

U.S. Global Investors Price Performance

NASDAQ GROW opened at $2.69 on Friday. The stock’s fifty day moving average price is $2.70 and its 200 day moving average price is $2.78. U.S. Global Investors has a 1 year low of $2.47 and a 1 year high of $3.30. The company has a market cap of $38.01 million, a price-to-earnings ratio of 11.70 and a beta of 1.97.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%. The business had revenue of $2.82 million for the quarter.

U.S. Global Investors Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a dividend of $0.0075 per share. The ex-dividend date of this dividend was Friday, April 5th. This is a positive change from U.S. Global Investors’s previous dividend of $0.01. This represents a yield of 3.21%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 39.13%.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC bought a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors at the end of the most recent reporting period. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.