U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 14,200 shares, an increase of 24.6% from the August 31st total of 11,400 shares. Based on an average daily volume of 28,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of U.S. Global Investors in a report on Wednesday, September 25th. They issued a “hold” rating on the stock.
Get Our Latest Stock Report on GROW
U.S. Global Investors Stock Performance
U.S. Global Investors Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a $0.0075 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s payout ratio is 75.00%.
Hedge Funds Weigh In On U.S. Global Investors
An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors at the end of the most recent reporting period. Institutional investors own 23.62% of the company’s stock.
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.
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