U.S. Global Investors, Inc. (NASDAQ:GROW)’s stock price shot up 12% during trading on Wednesday . The stock traded as high as $2.04 and last traded at $2.05, 122,139 shares were traded during mid-day trading. An increase of 20% from the average session volume of 101,596 shares. The stock had previously closed at $1.83.
The stock’s 50 day moving average is $1.75.
The business also recently disclosed a monthly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be given a dividend of $0.0025 per share. This is an increase from U.S. Global Investors’s previous monthly dividend of $0.00. The ex-dividend date is Friday, August 9th. This represents a $0.03 annualized dividend and a dividend yield of 1.46%.
Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of U.S. Global Investors during the 2nd quarter worth about $31,000. Balter Liquid Alternatives LLC bought a new position in U.S. Global Investors during the second quarter worth about $64,000. Perritt Capital Management Inc. increased its position in U.S. Global Investors by 6.2% during the second quarter. Perritt Capital Management Inc. now owns 740,000 shares of the asset manager’s stock worth $1,339,000 after acquiring an additional 43,178 shares during the period. Finally, Vanguard Group Inc. increased its position in U.S. Global Investors by 23.4% during the second quarter. Vanguard Group Inc. now owns 243,733 shares of the asset manager’s stock worth $441,000 after acquiring an additional 46,282 shares during the period. 21.83% of the stock is owned by institutional investors.
About U.S. Global Investors (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.
See Also: Book Value Per Share – BVPS
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