U.S. Global Investors (NASDAQ:GROW) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

U.S. Global Investors, Inc. (NASDAQ:GROW) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.75 and traded as high as $2.94. U.S. Global Investors shares last traded at $2.91, with a volume of 67,605 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of U.S. Global Investors in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

U.S. Global Investors Price Performance

The stock has a market capitalization of $36.70 million, a price-to-earnings ratio of 11.39 and a beta of 0.70. The business’s 50-day simple moving average is $2.64 and its two-hundred day simple moving average is $2.75.

Insider Buying and Selling

In other U.S. Global Investors news, insider Derek Steven Pilecki purchased 23,910 shares of U.S. Global Investors stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $2.55 per share, with a total value of $60,970.50. Following the completion of the transaction, the insider directly owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. This represents a 2.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gator Capital Management, Llc purchased 23,910 shares of U.S. Global Investors stock in a transaction on Thursday, May 21st. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the transaction, the insider owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. This represents a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 118,238 shares of company stock worth $304,576. 19.19% of the stock is currently owned by corporate insiders.

Institutional Trading of U.S. Global Investors

A number of hedge funds have recently made changes to their positions in the company. Gator Capital Management LLC lifted its position in shares of U.S. Global Investors by 18.9% during the fourth quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after purchasing an additional 132,207 shares in the last quarter. Rothschild Wealth LLC purchased a new position in shares of U.S. Global Investors in the fourth quarter valued at $1,260,000. CWA Asset Management Group LLC boosted its stake in shares of U.S. Global Investors by 66.4% in the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after purchasing an additional 168,176 shares during the period. North Star Investment Management Corp. boosted its stake in shares of U.S. Global Investors by 3,590.9% in the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock valued at $1,007,000 after purchasing an additional 395,000 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after purchasing an additional 21,100 shares during the period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.