U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Update

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 47,000 shares, an increase of 46.0% from the February 13th total of 32,200 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Trading of U.S. Global Investors

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

U.S. Global Investors Price Performance

GROW stock traded up $0.02 during midday trading on Monday, reaching $2.25. 15,093 shares of the company’s stock traded hands, compared to its average volume of 30,644. The business has a 50-day moving average price of $2.41 and a two-hundred day moving average price of $2.45. U.S. Global Investors has a fifty-two week low of $2.20 and a fifty-two week high of $2.95. The company has a market capitalization of $30.04 million, a P/E ratio of 75.03 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROW) last posted its 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 1.05% and a net margin of 5.40%.

U.S. Global Investors Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.0075 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 3.7%. U.S. Global Investors’s payout ratio is currently 300.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of U.S. Global Investors in a research report on Wednesday, March 12th. They set a “hold” rating on the stock.

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.