U.S. Global Investors, Inc. (GROW) To Go Ex-Dividend on June 15th

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 of this dividend is Monday, June 15th.

U.S. Global Investors has increased its dividend by an average of 0.2%annually over the last three years.

U.S. Global Investors Price Performance

NASDAQ:GROW traded up $0.05 during trading hours on Friday, hitting $2.96. 21,490 shares of the company were exchanged, compared to its average volume of 29,442. The stock has a market capitalization of $36.70 million, a price-to-earnings ratio of 11.39 and a beta of 0.70. U.S. Global Investors has a 52-week low of $2.23 and a 52-week high of $3.65. The company’s 50 day moving average price is $2.64 and its 200-day moving average price is $2.75.

Insider Transactions at U.S. Global Investors

In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc purchased 20,496 shares of U.S. Global Investors stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $2.59 per share, with a total value of $53,084.64. Following the completion of the transaction, the insider owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. This trade represents a 1.86% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Derek Steven Pilecki purchased 20,496 shares of U.S. Global Investors stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $2.59 per share, for a total transaction of $53,084.64. Following the transaction, the insider directly owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. This represents a 1.86% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 118,238 shares of company stock valued at $304,576 over the last quarter. Company insiders own 19.19% of the company’s stock.

Institutional Trading of U.S. Global Investors

Several hedge funds have recently added to or reduced their stakes in GROW. MAI Capital Management acquired a new stake in U.S. Global Investors in the third quarter valued at approximately $102,000. Gator Capital Management LLC raised its holdings in U.S. Global Investors by 2.4% in the third quarter. Gator Capital Management LLC now owns 700,884 shares of the asset manager’s stock valued at $1,927,000 after acquiring an additional 16,661 shares in the last quarter. Citadel Advisors LLC raised its holdings in U.S. Global Investors by 52.1% in the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 14,938 shares in the last quarter. Susquehanna International Group LLP raised its holdings in U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in U.S. Global Investors by 66.4% in the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after acquiring an additional 168,176 shares in the last quarter. 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.