U.S. Global Investors, Inc. (NASDAQ:GROW) Short Interest Down 31.7% in March

U.S. Global Investors, Inc. (NASDAQ:GROW) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 32,100 shares, a drop of 31.7% from the February 28th total of 47,000 shares. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of U.S. Global Investors in the 4th quarter valued at about $26,000. Gator Capital Management LLC lifted its holdings in shares of U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares during the period. Finally, Samalin Investment Counsel LLC purchased a new stake in shares of U.S. Global Investors in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of U.S. Global Investors in a research report on Friday. They set a “hold” rating on the stock.

U.S. Global Investors Stock Performance

GROW stock traded down $0.10 during midday trading on Friday, reaching $2.27. The stock had a trading volume of 75,845 shares, compared to its average volume of 31,020. The firm has a fifty day simple moving average of $2.38 and a two-hundred day simple moving average of $2.43. The stock has a market cap of $30.31 million, a PE ratio of 75.69 and a beta of 1.80. U.S. Global Investors has a 52-week low of $2.20 and a 52-week high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last released its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 14th will be issued a $0.0075 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Monday, April 14th. U.S. Global Investors’s dividend payout ratio (DPR) is currently 300.00%.

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.