U.S. Global Investors (NASDAQ:GROW) Insider Acquires $82,585.00 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki acquired 33,034 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $2.50 per share, with a total value of $82,585.00. Following the acquisition, the insider directly owned 1,162,333 shares in the company, valued at $2,905,832.50. This represents a 2.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, October 23rd, Derek Steven Pilecki bought 4,532 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.58 per share, for a total transaction of $11,692.56.
• On Tuesday, October 20th, Derek Steven Pilecki bought 2,886 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.57 per share, for a total transaction of $7,417.02.

U.S. Global Investors Trading Up 3.4%

Shares of U.S. Global Investors stock traded up $0.09 on Monday, hitting $2.59. 8,690 shares of the company traded hands, compared to its average volume of 33,622. The stock’s 50 day moving average price is $2.86 and its 200-day moving average price is $2.92. U.S. Global Investors, Inc. has a 52 week low of $2.23 and a 52 week high of $3.65. The company has a market cap of $31.80 million, a PE ratio of 10.35 and a beta of 0.66.

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

U.S. Global Investors Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a dividend of $0.0075 per share. The ex-dividend date is Monday, December 14th. This represents a $0.09 annualized dividend and a dividend yield of 3.5%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 36.00%.

Hedge Funds Weigh In On U.S. Global Investors

Large investors have recently bought and sold shares of the business. CWA Asset Management Group LLC increased its holdings in shares of U.S. Global Investors by 12.8% in the 3rd 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 during the period. SMH Capital Advisors Inc. purchased a new stake in shares of U.S. Global Investors during the 3rd quarter worth $108,000. Renaissance Technologies LLC lifted its stake in shares of U.S. Global Investors by 12.3% during the 1st quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after purchasing an additional 21,100 shares during the last quarter. Proficio Capital Partners LLC boosted its position in U.S. Global Investors by 24.6% during the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after purchasing an additional 10,785 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in U.S. Global Investors by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after purchasing an additional 5,056 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of 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 MarketBeat.com, the stock has a consensus rating of “Hold”.

About U.S. Global Investors

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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