U.S. Global Investors (NASDAQ:GROW) Stock Passes Above 200 Day Moving Average – Here’s Why

U.S. Global Investors, Inc. (NASDAQ:GROW)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.57 and traded as high as $3.33. U.S. Global Investors shares last traded at $3.26, with a volume of 25,835 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of U.S. Global Investors in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, U.S. Global Investors presently has an average rating of “Hold”.

U.S. Global Investors Price Performance

The stock has a market capitalization of $41.47 million, a P/E ratio of 53.34 and a beta of 0.64. The stock has a 50 day moving average price of $2.71 and a 200-day moving average price of $2.58.

U.S. Global Investors Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.0075 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, March 16th. U.S. Global Investors’s dividend payout ratio is 150.00%.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors have recently added to or reduced their stakes in GROW. Samalin Investment Counsel LLC bought a new stake in U.S. Global Investors in the 3rd quarter worth $92,000. J. W. Coons Advisors LLC bought a new stake in shares of U.S. Global Investors in the second quarter worth about $95,000. MAI Capital Management bought a new stake in shares of U.S. Global Investors in the third quarter worth about $102,000. Sandia Investment Management LP purchased a new position in U.S. Global Investors during the 4th quarter valued at about $106,000. Finally, Citadel Advisors LLC raised its position in U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 14,938 shares during the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

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.