U.S. Global Investors (NASDAQ:GROW) Major Shareholder Gator Capital Management, Llc Buys 20,496 Shares

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc bought 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average cost of $2.59 per share, with a total value of $53,084.64. Following the purchase, the insider directly owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gator Capital Management, Llc also recently made the following trade(s):

• On Wednesday, June 3rd, Gator Capital Management, Llc bought 330 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.60 per share, with a total value of $858.00.
• On Thursday, May 28th, Gator Capital Management, Llc bought 1,376 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.60 per share, with a total value of $3,577.60.
• On Thursday, May 21st, Gator Capital Management, Llc bought 23,910 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.55 per share, with a total value of $60,970.50.
• On Wednesday, May 13th, Gator Capital Management, Llc bought 3,601 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.55 per share, with a total value of $9,182.55.
• On Tuesday, May 12th, Gator Capital Management, Llc bought 404 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.55 per share, with a total value of $1,030.20.
• On Monday, May 11th, Gator Capital Management, Llc bought 5,354 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.62 per share, with a total value of $14,027.48.
• On Friday, May 8th, Gator Capital Management, Llc bought 208 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.62 per share, with a total value of $544.96.
• On Thursday, May 7th, Gator Capital Management, Llc bought 2,976 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.62 per share, with a total value of $7,797.12.
• On Wednesday, May 6th, Gator Capital Management, Llc purchased 259 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.61 per share, with a total value of $675.99.
• On Friday, May 1st, Gator Capital Management, Llc purchased 205 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.63 per share, with a total value of $539.15.

U.S. Global Investors Trading Up 3.8%

GROW opened at $2.71 on Friday. U.S. Global Investors, Inc. has a 1-year low of $2.23 and a 1-year high of $3.65. The company has a market cap of $33.60 million, a P/E ratio of 10.42 and a beta of 0.70. The company has a fifty day moving average price of $2.62 and a two-hundred day moving average price of $2.73.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds and other institutional investors have recently made changes to their positions in GROW. MAI Capital Management bought a new stake in shares of U.S. Global Investors during the third quarter worth about $102,000. Gator Capital Management LLC increased its position in shares of U.S. Global Investors by 2.4% during the third quarter. Gator Capital Management LLC now owns 700,884 shares of the asset manager’s stock worth $1,927,000 after acquiring an additional 16,661 shares in the last quarter. Citadel Advisors LLC increased its position in shares of U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after acquiring an additional 14,938 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after acquiring an additional 48,871 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of U.S. Global Investors by 66.4% during the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock worth $1,016,000 after acquiring an additional 168,176 shares in the last quarter. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Company Profile

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.