U.S. Global Investors (NASDAQ:GROW) Insider Derek Steven Pilecki Buys 4,532 Shares of Company Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki acquired 4,532 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was acquired at an average price of $2.58 per share, with a total value of $11,692.56. Following the acquisition, the insider owned 1,129,011 shares in the company, valued at $2,912,848.38. The trade was a 0.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Derek Steven Pilecki also recently made the following trade(s):

• On Tuesday, October 20th, Derek Steven Pilecki bought 2,886 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.57 per share, with a total value of $7,417.02.

U.S. Global Investors Trading Up 1.0%

U.S. Global Investors stock traded up $0.03 during midday trading on Monday, hitting $2.65. 17,361 shares of the stock were exchanged, compared to its average volume of 34,384. The stock’s 50-day simple moving average is $2.99 and its 200 day simple moving average is $2.89. The stock has a market capitalization of $32.56 million, a price-to-earnings ratio of 10.54 and a beta of 0.67. U.S. Global Investors, Inc. has a fifty-two week low of $2.23 and a fifty-two week high of $3.65.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Thursday, September 3rd. The asset manager reported ($0.03) EPS for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%. The business had revenue of $2.73 million during the quarter.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.4%. U.S. Global Investors’s payout ratio is presently 36.00%.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors have recently added to or reduced their stakes in GROW. Dimensional Fund Advisors LP increased its stake in U.S. Global Investors by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after buying an additional 5,056 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of U.S. Global Investors by 24.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after acquiring an additional 10,785 shares during the period. Renaissance Technologies LLC boosted its holdings 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 valued at $478,000 after acquiring an additional 21,100 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of U.S. Global Investors by 3,590.9% in the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock valued at $1,007,000 after acquiring an additional 395,000 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of U.S. Global Investors by 12.8% in the third quarter. CWA Asset Management Group LLC now owns 797,986 shares of the asset manager’s stock valued at $2,298,000 after acquiring an additional 90,751 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold”.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc (NASDAQ:GROW) is an investment management company headquartered in San Antonio, Texas. The company provides investment advisory and management services to mutual funds, exchange-traded funds and other investment accounts.

Its investment products focus on specialized areas of the global economy, including natural resources, precious metals, emerging markets, global infrastructure, airlines and maritime transportation. The company also offers separately managed accounts and related shareholder and fund administration services.

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