U.S. Global Investors, Inc. (NASDAQ:GROW) Stock Short Interest Report for September

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

Analyst Upgrades and Downgrades

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

Institutional Trading of U.S. Global Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in U.S. Global Investors by 24.6% in the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after acquiring an additional 10,785 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 worth $146,000 after acquiring an additional 5,056 shares during the last quarter. Renaissance Technologies LLC raised its position in 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 purchasing an additional 21,100 shares during the period. Finally, North Star Investment Management Corp. raised its position in U.S. Global Investors by 3,590.9% in the first 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. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Price Performance

NASDAQ GROW remained flat at $2.72 during trading hours on Friday. 1,870 shares of the company traded hands, compared to its average volume of 12,238. The company’s 50-day moving average is $3.04 and its 200-day moving average is $2.88. The company has a market cap of $33.46 million, a P/E ratio of 10.88 and a beta of 0.67. U.S. Global Investors has a one year low of $2.23 and a one year high of $3.65.

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

U.S. Global Investors Dividend Announcement

The company also recently disclosed 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. This represents a $0.09 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 36.00%.

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.