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

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

U.S. Global Investors Trading Up 0.2 %

Shares of NASDAQ GROW opened at $2.24 on Friday. U.S. Global Investors has a twelve month low of $2.20 and a twelve month high of $2.95. The company has a market capitalization of $29.84 million, a price-to-earnings ratio of 74.52 and a beta of 1.80. The firm has a 50-day moving average of $2.41 and a two-hundred day moving average of $2.45.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

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 issued 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 payout ratio is 300.00%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a report on Wednesday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On U.S. Global Investors

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gator Capital Management LLC lifted its holdings in U.S. Global Investors by 52.3% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 buying an additional 4,338 shares in the last quarter. Samalin Investment Counsel LLC purchased a new stake in U.S. Global Investors during the fourth quarter valued at about $41,000. Finally, XTX Topco Ltd purchased a new stake in U.S. Global Investors during the fourth quarter valued at about $26,000. 23.62% of the stock is owned by institutional investors and hedge funds.

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.