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

U.S. Global Investors, Inc. (NASDAQ:GROW) saw a large increase in short interest during 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. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 26,200 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

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

U.S. Global Investors Stock Performance

GROW opened at $2.25 on Tuesday. The stock’s 50 day moving average price is $2.40 and its 200-day moving average price is $2.45. The stock has a market capitalization of $30.04 million, a PE ratio of 75.03 and a beta of 1.80. U.S. Global Investors has a 52-week low of $2.20 and a 52-week high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share 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 Dividend Announcement

The firm also recently disclosed 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. This represents a yield of 3.7%. The ex-dividend date was Monday, January 13th. U.S. Global Investors’s payout ratio is currently 300.00%.

Hedge Funds Weigh In On U.S. Global Investors

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 4,338 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of U.S. Global Investors during the fourth quarter valued at approximately $26,000. Samalin Investment Counsel LLC purchased a new stake in U.S. Global Investors during the 4th quarter valued at $41,000. Finally, Gator Capital Management LLC increased 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 acquiring an additional 154,836 shares during the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.