U.S. Global Investors, Inc. (NASDAQ:GROW) to Issue Monthly Dividend of $0.01

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Monday, March 2nd. Investors of record on Monday, June 15th will be paid a dividend of 0.0075 per share by the asset manager on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th.

U.S. Global Investors has raised its dividend payment by an average of 0.2%per year over the last three years.

U.S. Global Investors Stock Performance

Shares of GROW traded up $0.05 during trading hours on Friday, hitting $2.96. The stock had a trading volume of 21,490 shares, compared to its average volume of 29,442. The firm has a market cap of $36.70 million, a P/E ratio of 11.39 and a beta of 0.70. The company’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.75. U.S. Global Investors has a 12-month low of $2.23 and a 12-month high of $3.65.

Insider Activity

In related news, major shareholder Gator Capital Management, Llc acquired 23,910 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $2.55 per share, with a total value 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 trade represents a 2.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Derek Steven Pilecki acquired 23,910 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was bought 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 trade represents a 2.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 118,238 shares of company stock worth $304,576 over the last three months. 19.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC raised its position 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 period. MAI Capital Management purchased a new position in U.S. Global Investors in the third quarter valued at about $102,000. Gator Capital Management LLC raised its position 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 period. Dimensional Fund Advisors LP raised its position in U.S. Global Investors by 9.4% in 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 during the period. Finally, Renaissance Technologies LLC raised its position in 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 valued at $478,000 after purchasing an additional 21,100 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.