U.S. Global Investors, Inc. (NASDAQ:GROW) Shares Shorted: Short Interest Down 41.2% in September

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 6,466 shares, a decrease of 41.2% from the September 15th total of 10,996 shares. Based on an average trading volume of 12,181 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

U.S. Global Investors Stock Performance

NASDAQ GROW remained flat at $2.72 during trading on Friday. The company’s stock had a trading volume of 1,870 shares, compared to its average volume of 34,915. The business’s 50 day moving average is $3.05 and its 200 day moving average is $2.88. The firm has a market cap of $33.45 million, a price-to-earnings ratio of 10.88 and a beta of 0.67. U.S. Global Investors has a 52 week low of $2.23 and a 52 week high of $3.65.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) EPS for the quarter. U.S. Global Investors had a return on equity of 6.70% and a net margin of 29.81%. The business had revenue of $2.73 million for the quarter.

U.S. Global Investors Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 dividend on an annualized basis and a yield of 3.3%. U.S. Global Investors’s payout ratio is 36.00%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, U.S. Global Investors currently has an average rating of “Hold”.

Hedge Funds Weigh In On U.S. Global Investors

Several large investors have recently bought and sold shares of GROW. North Star Investment Management Corp. boosted its holdings in 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 purchasing an additional 395,000 shares during the period. Renaissance Technologies LLC raised its position in shares of U.S. Global Investors by 12.3% during the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after buying an additional 21,100 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of U.S. Global Investors by 9.4% during the first 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, Proficio Capital Partners LLC raised its position in shares of U.S. Global Investors by 24.6% during the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after buying an additional 10,785 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc (NASDAQ:GROW) is an investment management company headquartered in San Antonio, Texas. The firm provides investment advisory and portfolio management services through a range of mutual funds, exchange-traded funds and other investment strategies.

The company focuses on specialized areas of the global markets, including precious metals and natural resources, emerging markets, infrastructure and transportation. Its investment products have included funds and ETFs providing exposure to gold and precious-metals mining companies, airlines and other internationally oriented sectors.