U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Up 46.0% in February

U.S. Global Investors, Inc. (NASDAQ:GROW) was the target 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 currently 1.8 days. Currently, 0.4% of the shares of the stock are short sold.

U.S. Global Investors Trading Up 0.9 %

Shares of U.S. Global Investors stock opened at $2.25 on Tuesday. The firm has a market cap of $30.04 million, a PE ratio of 75.03 and a beta of 1.80. The stock has a 50 day moving average of $2.40 and a 200 day moving average of $2.45. U.S. Global Investors has a 12 month low of $2.20 and a 12 month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (EPS) 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 company also recently declared a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were paid 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 dividend payout ratio is presently 300.00%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of U.S. Global Investors during the fourth quarter valued at $26,000. Samalin Investment Counsel LLC bought a new position in shares of U.S. Global Investors during the fourth quarter valued at approximately $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 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 in the last quarter. Institutional investors own 23.62% of the company’s 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.