Insider Buying: U.S. Global Investors (NASDAQ:GROW) Major Shareholder Acquires $11,692.56 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc bought 4,532 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were acquired at an average price of $2.58 per share, for a total transaction of $11,692.56. Following the completion of the acquisition, the insider owned 1,129,011 shares in the company, valued at $2,912,848.38. This represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, October 20th, Gator Capital Management, Llc purchased 2,886 shares of U.S. Global Investors stock. The stock was acquired at an average price of $2.57 per share, with a total value of $7,417.02.

U.S. Global Investors Stock Performance

NASDAQ:GROW opened at $2.72 on Thursday. The firm has a 50-day simple moving average of $2.96 and a 200-day simple moving average of $2.92. U.S. Global Investors, Inc. has a one year low of $2.23 and a one year high of $3.65. The firm has a market cap of $33.45 million, a P/E ratio of 10.88 and a beta of 0.67.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings data on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%. The business had revenue of $2.73 million for the quarter.

U.S. Global Investors Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 dividend on an annualized basis and a yield of 3.3%. U.S. Global Investors’s payout ratio is 36.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On U.S. Global Investors

A number of large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its holdings in 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 during the last quarter. CWA Asset Management Group LLC increased its position in shares of U.S. Global Investors by 12.8% during the third quarter. CWA Asset Management Group LLC now owns 797,986 shares of the asset manager’s stock worth $2,298,000 after purchasing an additional 90,751 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of U.S. Global Investors by 12.3% during the 1st 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 last quarter. Proficio Capital Partners LLC lifted its holdings in shares of U.S. Global Investors by 24.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after purchasing an additional 10,785 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of U.S. Global Investors by 9.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after purchasing an additional 5,056 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

About U.S. Global Investors

U.S. Global Investors, Inc (NASDAQ:GROW) is an investment management company headquartered in San Antonio, Texas. The company provides investment advisory and management services to mutual funds, exchange-traded funds and other investment accounts.

Its investment products focus on specialized areas of the global economy, including natural resources, precious metals, emerging markets, global infrastructure, airlines and maritime transportation. The company also offers separately managed accounts and related shareholder and fund administration services.

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