U.S. Global Investors (NASDAQ:GROW) Stock Crosses Above 200 Day Moving Average – What’s Next?

U.S. Global Investors, Inc. (NASDAQ:GROW)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.93 and traded as high as $3.00. U.S. Global Investors shares last traded at $2.91, with a volume of 34,138 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, U.S. Global Investors presently has an average rating of “Hold”.

U.S. Global Investors Trading Up 0.3%

The business’s 50-day moving average is $3.06 and its two-hundred day moving average is $2.93. The firm has a market cap of $35.79 million, a P/E ratio of 11.64 and a beta of 0.68.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $2.73 million during the quarter. U.S. Global Investors had a return on equity of 6.70% and a net margin of 29.81%.

Institutional Trading of U.S. Global Investors

Hedge funds have recently added to or reduced their stakes in the business. Rothschild Wealth LLC acquired a new stake in shares of U.S. Global Investors in the 4th quarter worth approximately $1,260,000. North Star Investment Management Corp. boosted its holdings 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 acquiring an additional 395,000 shares in the last quarter. Gator Capital Management LLC increased its stake 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 valued at $2,008,000 after acquiring an additional 132,207 shares during the period. Susquehanna International Group LLP increased its stake in shares of U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares during the period. Finally, Sandia Investment Management LP bought a new stake in U.S. Global Investors during the fourth quarter worth approximately $106,000. 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.