Citadel Advisors LLC Cuts Stock Position in U.S. Global Investors, Inc. (NASDAQ:GROW)

Citadel Advisors LLC lowered its position in U.S. Global Investors, Inc. (NASDAQ:GROW) by 43.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,664 shares of the asset manager’s stock after selling 15,168 shares during the period. Citadel Advisors LLC owned approximately 0.13% of U.S. Global Investors worth $36,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in shares of U.S. Global Investors in the 2nd quarter worth approximately $31,000. Perritt Capital Management Inc. boosted its stake in U.S. Global Investors by 6.2% in the 2nd quarter. Perritt Capital Management Inc. now owns 740,000 shares of the asset manager’s stock worth $1,339,000 after purchasing an additional 43,178 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new stake in U.S. Global Investors in the 2nd quarter worth approximately $64,000. Finally, Vanguard Group Inc. boosted its stake in U.S. Global Investors by 23.4% in the 2nd quarter. Vanguard Group Inc. now owns 243,733 shares of the asset manager’s stock worth $441,000 after purchasing an additional 46,282 shares in the last quarter. 23.05% of the stock is currently owned by hedge funds and other institutional investors.

GROW has been the subject of a number of recent analyst reports. TheStreet upgraded shares of U.S. Global Investors from a “d+” rating to a “c-” rating in a research note on Thursday, August 29th. ValuEngine cut shares of U.S. Global Investors from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd.

GROW stock opened at $1.96 on Friday. The firm has a 50 day moving average of $2.04 and a 200 day moving average of $1.56. U.S. Global Investors, Inc. has a 52 week low of $0.92 and a 52 week high of $2.29.

The business also recently announced a monthly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, October 14th will be paid a $0.002 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, October 10th.

U.S. Global Investors Company Profile

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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Institutional Ownership by Quarter for U.S. Global Investors (NASDAQ:GROW)

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