Insider Buying: U.S. Global Investors (NASDAQ:GROW) Insider Purchases $60,970.50 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki purchased 23,910 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the transaction, the insider directly owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. This represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, June 3rd, Derek Steven Pilecki purchased 330 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $858.00.
• On Tuesday, June 2nd, Derek Steven Pilecki purchased 20,496 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.59 per share, for a total transaction of $53,084.64.
• On Thursday, May 28th, Derek Steven Pilecki purchased 1,376 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $3,577.60.
• On Wednesday, May 13th, Derek Steven Pilecki purchased 3,601 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $9,182.55.
• On Tuesday, May 12th, Derek Steven Pilecki purchased 404 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $1,030.20.
• On Monday, May 11th, Derek Steven Pilecki purchased 5,354 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.62 per share, for a total transaction of $14,027.48.
• On Friday, May 8th, Derek Steven Pilecki purchased 208 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.62 per share, for a total transaction of $544.96.
• On Thursday, May 7th, Derek Steven Pilecki purchased 2,976 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.62 per share, for a total transaction of $7,797.12.
• On Wednesday, May 6th, Derek Steven Pilecki acquired 259 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.61 per share, with a total value of $675.99.
• On Friday, May 1st, Derek Steven Pilecki acquired 205 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.63 per share, with a total value of $539.15.

U.S. Global Investors Stock Performance

NASDAQ GROW opened at $2.71 on Friday. 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 50-day simple moving average of $2.62 and a 200 day simple moving average of $2.73. The company has a market capitalization of $33.60 million, a PE ratio of 10.42 and a beta of 0.70.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings data on Wednesday, May 13th. The asset manager reported $0.23 earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 33.29% and a return on equity of 6.92%. The business had revenue of $2.76 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of U.S. Global Investors in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, U.S. Global Investors currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On U.S. Global Investors

Several large investors have recently modified their holdings of the business. Gator Capital Management LLC increased its stake in shares of U.S. Global Investors by 18.9% in the fourth quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after purchasing an additional 132,207 shares in the last quarter. Rothschild Wealth LLC purchased a new position in shares of U.S. Global Investors in the fourth quarter worth about $1,260,000. CWA Asset Management Group LLC increased its stake in shares of 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 worth $1,016,000 after purchasing an additional 168,176 shares in the last quarter. North Star Investment Management Corp. increased its stake 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 worth $1,007,000 after purchasing an additional 395,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake 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 worth $478,000 after purchasing an additional 21,100 shares in the last quarter. Hedge funds and other institutional investors 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.