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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Thursday, June 18th. Shareholders of record on Monday, September 14th will be given a dividend of 0.0075 per share by the asset manager on Monday, September 28th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, September 14th.

U.S. Global Investors has increased its dividend by an average of 0.2%annually over the last three years.

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW opened at $3.10 on Friday. The company’s fifty day moving average price is $2.67 and its 200-day moving average price is $2.77. The firm has a market capitalization of $38.44 million, a price-to-earnings ratio of 11.92 and a beta of 0.70. U.S. Global Investors has a one year low of $2.23 and a one year high of $3.65.

Insider Buying and Selling

In related news, major shareholder Gator Capital Management, Llc acquired 23,910 shares of U.S. Global Investors stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $2.55 per share, with a total value of $60,970.50. Following the transaction, the insider directly owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. This represents a 2.22% 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. Also, insider Derek Steven Pilecki acquired 23,910 shares of the stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $2.55 per share, with a total value of $60,970.50. Following the purchase, the insider directly owned 1,099,391 shares of the company’s stock, valued at $2,803,447.05. The trade was a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 118,238 shares of company stock valued at $304,576 in the last ninety days. Insiders own 19.19% of the company’s stock.

Hedge Funds Weigh In On U.S. Global Investors

Institutional investors and hedge funds have recently modified their holdings of the stock. MAI Capital Management bought a new position in U.S. Global Investors during the third quarter valued at approximately $102,000. Gator Capital Management LLC boosted 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 worth $1,927,000 after purchasing an additional 16,661 shares during the last quarter. Citadel Advisors LLC boosted its position 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 worth $120,000 after purchasing an additional 14,938 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of U.S. Global Investors by 108.2% during the 3rd 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 period. Finally, CWA Asset Management Group LLC grew its stake in shares of U.S. Global Investors by 66.4% during the 4th 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. 23.62% of the stock is currently owned by 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.