U.S. Global Investors (NASDAQ:GROW) Announces Quarterly Earnings Results

U.S. Global Investors (NASDAQ:GROW) released its quarterly earnings results on Thursday. The asset manager reported $0.01 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.66 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 Stock Up 1.2%

Shares of U.S. Global Investors stock traded up $0.03 during trading hours on Friday, hitting $2.55. 5,634 shares of the company’s stock traded hands, compared to its average volume of 33,214. The stock has a 50 day simple moving average of $2.81 and a 200-day simple moving average of $2.92. The company has a market cap of $31.36 million, a PE ratio of 10.20 and a beta of 0.66. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65.

U.S. Global Investors Dividend Announcement

The firm also recently announced 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%.

Insider Activity

In other U.S. Global Investors news, insider Derek Steven Pilecki purchased 33,034 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average price of $2.50 per share, for a total transaction of $82,585.00. Following the completion of the purchase, the insider owned 1,162,333 shares in the company, valued at $2,905,832.50. The trade was a 2.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 47,870 shares of company stock worth $120,804 over the last 90 days. 19.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GROW. SMH Capital Advisors Inc. purchased a new stake in U.S. Global Investors during the 3rd quarter worth approximately $108,000. Proficio Capital Partners LLC grew its position in shares of 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 worth $170,000 after buying an additional 10,785 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 worth $146,000 after buying an additional 5,056 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of U.S. Global Investors by 12.3% during the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after buying an additional 21,100 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of U.S. Global Investors by 12.8% during the third quarter. CWA Asset Management Group LLC now owns 797,986 shares of the asset manager’s stock worth $2,298,000 after buying an additional 90,751 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

Analyst Upgrades and Downgrades

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