U.S. Global Investors (NASDAQ:GROW) Stock Price Crosses Above Two Hundred Day Moving Average of $5.36

Shares of U.S. Global Investors, Inc. (NASDAQ:GROWGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.36 and traded as high as $5.37. U.S. Global Investors shares last traded at $5.30, with a volume of 63,566 shares.

Separately, StockNews.com began coverage on U.S. Global Investors in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

The business’s 50 day moving average price is $5.10 and its 200 day moving average price is $5.36.

U.S. Global Investors (NASDAQ:GROWGet Rating) last issued its earnings results on Friday, February 18th. The asset manager reported $0.24 earnings per share (EPS) for the quarter. The company had revenue of $6.57 million for the quarter. U.S. Global Investors had a net margin of 93.17% and a return on equity of 44.45%.

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 27th. Investors of record on Monday, June 13th will be issued a $0.0075 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, June 10th.

Several institutional investors have recently added to or reduced their stakes in GROW. Advisor Group Holdings Inc. grew its position in shares of U.S. Global Investors by 189.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,439 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 2,904 shares during the period. Corsair Capital Management L.P. purchased a new position in U.S. Global Investors during the fourth quarter valued at $44,000. North Star Investment Management Corp. grew its holdings in U.S. Global Investors by 83.3% during the fourth quarter. North Star Investment Management Corp. now owns 11,000 shares of the asset manager’s stock valued at $48,000 after purchasing an additional 5,000 shares during the period. Accretive Wealth Partners LLC purchased a new stake in U.S. Global Investors in the fourth quarter worth about $51,000. Finally, WINTON GROUP Ltd bought a new position in shares of U.S. Global Investors in the third quarter worth about $71,000. Institutional investors and hedge funds own 26.00% of the company’s stock.

U.S. Global Investors Company Profile (NASDAQ:GROW)

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

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