U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Up 152.5% in June

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

Analyst Ratings Changes

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

Insider Transactions at U.S. Global Investors

In other news, insider Derek Steven Pilecki acquired 23,910 shares of U.S. Global Investors stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $2.55 per share, with a total value of $60,970.50. Following the completion of the acquisition, the insider owned 1,099,391 shares in the company, valued at $2,803,447.05. This trade represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Gator Capital Management, Llc bought 23,910 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the transaction, the insider owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. This represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 118,238 shares of company stock valued at $304,576 in the last quarter. Insiders own 19.19% of the company’s stock.

Hedge Funds Weigh In On U.S. Global Investors

A number of institutional investors have recently made changes to their positions in GROW. Renaissance Technologies LLC lifted its position 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 valued at $478,000 after acquiring an additional 21,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 5,056 shares during the last quarter. North Star Investment Management Corp. increased its position in U.S. Global Investors by 3,590.9% during the 1st 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. Sandia Investment Management LP purchased a new stake in U.S. Global Investors during the 4th quarter worth about $106,000. Finally, Rothschild Wealth LLC acquired a new position in U.S. Global Investors in the 4th quarter valued at about $1,260,000. 23.62% of the stock is owned by institutional investors and hedge funds.

U.S. Global Investors Price Performance

Shares of NASDAQ GROW traded up $0.02 on Wednesday, hitting $2.94. The company’s stock had a trading volume of 5,329 shares, compared to its average volume of 43,470. U.S. Global Investors has a 12-month low of $2.23 and a 12-month high of $3.65. The company has a market capitalization of $36.46 million, a price-to-earnings ratio of 11.31 and a beta of 0.66. The stock has a 50 day moving average of $2.84 and a 200-day moving average of $2.85.

U.S. Global Investors Dividend Announcement

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

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.