U.S. Global Investors, Inc. Announces Monthly Dividend of $0.01 (NASDAQ:GROW)

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0075 per share by the asset manager on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th.

U.S. Global Investors has raised its dividend by an average of 0.2%per year over the last three years.

U.S. Global Investors Price Performance

Shares of NASDAQ GROW traded up $0.05 during mid-day trading on Friday, hitting $2.96. 21,490 shares of the stock traded hands, compared to its average volume of 29,442. The company has a market cap of $36.70 million, a PE ratio of 11.39 and a beta of 0.70. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65. The firm has a 50 day simple moving average of $2.64 and a two-hundred day simple moving average of $2.75.

Insiders Place Their Bets

In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc acquired 23,910 shares of U.S. Global Investors stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $2.55 per share, with a total value of $60,970.50. Following the completion of the purchase, the insider directly owned 1,099,391 shares in the company, valued at $2,803,447.05. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Derek Steven Pilecki acquired 23,910 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $2.55 per share, with a total value of $60,970.50. Following the completion of the acquisition, the insider directly owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after acquiring an additional 21,100 shares during the period. Dimensional Fund Advisors LP raised its holdings in U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after purchasing an additional 5,056 shares during the last quarter. North Star Investment Management Corp. raised its holdings in U.S. Global Investors by 3,590.9% during the 1st quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after purchasing an additional 395,000 shares during the last quarter. Sandia Investment Management LP acquired a new position in shares of U.S. Global Investors in the 4th quarter worth approximately $106,000. Finally, Rothschild Wealth LLC bought a new stake in shares of U.S. Global Investors in the 4th quarter valued at $1,260,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.