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

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 38,100 shares, a decline of 13.2% from the January 15th total of 43,900 shares. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GROW. XTX Topco Ltd bought a new stake in shares of U.S. Global Investors during the fourth quarter valued at approximately $26,000. Samalin Investment Counsel LLC bought a new stake in shares of U.S. Global Investors during the fourth quarter valued at approximately $41,000. Dimensional Fund Advisors LP increased its position in shares of U.S. Global Investors by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares during the period. Finally, Gator Capital Management LLC increased its position in shares of U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the period. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Stock Up 1.7 %

Shares of NASDAQ GROW opened at $2.46 on Tuesday. The business’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.48. The company has a market cap of $33.28 million, a P/E ratio of 18.99 and a beta of 1.82. U.S. Global Investors has a 12 month low of $2.38 and a 12 month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

U.S. Global Investors Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a $0.0075 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Monday, January 13th. U.S. Global Investors’s dividend payout ratio is currently 69.24%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on U.S. Global Investors in a report on Sunday. They issued a “hold” rating for the company.

About U.S. Global Investors

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.