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

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a significant decline in short interest in 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 trading volume, of 27,000 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are short sold.

U.S. Global Investors Price Performance

Shares of GROW traded up $0.02 during mid-day trading on Friday, reaching $2.44. 9,590 shares of the company’s stock traded hands, compared to its average volume of 28,606. The stock has a market cap of $33.01 million, a P/E ratio of 18.77 and a beta of 1.82. The stock’s 50-day moving average is $2.44 and its two-hundred day moving average is $2.48. 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 released its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in U.S. Global Investors in the fourth quarter worth approximately $26,000. Samalin Investment Counsel LLC bought a new stake in U.S. Global Investors during the 4th quarter valued at $41,000. Dimensional Fund Advisors LP boosted its position in U.S. Global Investors by 7.5% during the 4th 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 boosted its position in U.S. Global Investors by 52.3% during the 4th 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. Institutional investors own 23.62% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on U.S. Global Investors in a research report on Sunday. 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.