U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) insider Derek Steven Pilecki purchased 5,354 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $2.62 per share, with a total value of $14,027.48. Following the completion of the acquisition, the insider directly owned 1,071,476 shares in the company, valued at approximately $2,807,267.12. This represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Derek Steven Pilecki also recently made the following trade(s):
- On Thursday, May 28th, Derek Steven Pilecki purchased 1,376 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.60 per share, with a total value of $3,577.60.
- On Thursday, May 21st, Derek Steven Pilecki purchased 23,910 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.55 per share, with a total value of $60,970.50.
- On Wednesday, May 13th, Derek Steven Pilecki purchased 3,601 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.55 per share, with a total value of $9,182.55.
- On Tuesday, May 12th, Derek Steven Pilecki purchased 404 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.55 per share, with a total value of $1,030.20.
- On Friday, May 8th, Derek Steven Pilecki purchased 208 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.62 per share, with a total value of $544.96.
- On Thursday, May 7th, Derek Steven Pilecki bought 2,976 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.62 per share, with a total value of $7,797.12.
- On Wednesday, May 6th, Derek Steven Pilecki bought 259 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.61 per share, with a total value of $675.99.
- On Friday, May 1st, Derek Steven Pilecki bought 205 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.63 per share, with a total value of $539.15.
U.S. Global Investors Price Performance
Shares of GROW stock traded up $0.01 on Tuesday, reaching $2.60. 50,621 shares of the stock were exchanged, compared to its average volume of 19,074. The stock has a market cap of $32.24 million, a PE ratio of 10.00 and a beta of 0.70. U.S. Global Investors, Inc. has a one year low of $2.22 and a one year high of $3.65. The stock has a 50 day moving average price of $2.64 and a 200 day moving average price of $2.73.
Institutional Investors Weigh In On U.S. Global Investors
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GROW. MAI Capital Management bought a new stake in U.S. Global Investors in the third quarter valued at about $102,000. Gator Capital Management LLC increased 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 purchasing an additional 16,661 shares during the last quarter. Citadel Advisors LLC increased 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 purchasing an additional 14,938 shares during the last quarter. Susquehanna International Group LLP increased 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 purchasing an additional 48,871 shares during the last quarter. Finally, CWA Asset Management Group LLC increased 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 purchasing an additional 168,176 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.
U.S. Global Investors News Summary
Here are the key news stories impacting U.S. Global Investors this week:
- Positive Sentiment: Management said the EPS restatement was caused by a spreadsheet omission, with no impact on net income, revenue, or cash, which should limit concern about the underlying business. Article Title
- Positive Sentiment: Multiple insider and major-shareholder purchases, including by Derek Steven Pilecki and Gator Capital Management, suggest confidence from those close to the company. Article Title
- Neutral Sentiment: The restatement will require an amended Form 10-Q/A, and prior disclosures tied to the affected period should no longer be relied upon, which may create some short-term investor caution. Article Title
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.
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