U.S. Global Investors (NASDAQ:GROW) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of U.S. Global Investors, Inc. (NASDAQ:GROW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.32 and traded as high as $2.48. U.S. Global Investors shares last traded at $2.38, with a volume of 24,865 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen started coverage on U.S. Global Investors in a report on Thursday, May 15th. They set a “hold” rating on the stock.

U.S. Global Investors Stock Performance

The firm’s 50-day moving average is $2.44 and its 200 day moving average is $2.32.

U.S. Global Investors Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were paid a $0.0075 dividend. This represents a dividend yield of 373.0%. The ex-dividend date of this dividend was Monday, July 14th.

Hedge Funds Weigh In On U.S. Global Investors

Several hedge funds and other institutional investors have recently modified their holdings of GROW. XTX Topco Ltd acquired a new position in shares of U.S. Global Investors in the 4th quarter valued at about $26,000. Dimensional Fund Advisors LP increased its holdings in U.S. Global Investors by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares in the last quarter. Gator Capital Management LLC increased its holdings in U.S. Global Investors by 43.9% in the 1st quarter. Gator Capital Management LLC now owns 648,751 shares of the asset manager’s stock valued at $1,466,000 after purchasing an additional 197,934 shares in the last quarter. Samalin Investment Counsel LLC increased its holdings in U.S. Global Investors by 93.9% in the 1st quarter. Samalin Investment Counsel LLC now owns 32,373 shares of the asset manager’s stock valued at $73,000 after purchasing an additional 15,673 shares in the last quarter. Finally, Kanen Wealth Management LLC acquired a new stake in U.S. Global Investors in the 2nd quarter valued at $1,179,000. 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.