U.S. Global Investors (NASDAQ:GROW) Insider Derek Steven Pilecki Acquires 23,910 Shares

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki acquired 23,910 shares of U.S. Global Investors stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost of $2.55 per share, with a total value of $60,970.50. Following the completion of the purchase, the insider owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. This represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 28th, Derek Steven Pilecki acquired 1,376 shares of U.S. Global Investors stock. The stock was acquired at an average cost of $2.60 per share, with a total value of $3,577.60.
• On Wednesday, May 13th, Derek Steven Pilecki acquired 3,601 shares of U.S. Global Investors stock. The stock was acquired at an average cost of $2.55 per share, with a total value of $9,182.55.
• On Tuesday, May 12th, Derek Steven Pilecki acquired 404 shares of U.S. Global Investors stock. The stock was acquired at an average cost of $2.55 per share, with a total value of $1,030.20.
• On Monday, May 11th, Derek Steven Pilecki acquired 5,354 shares of U.S. Global Investors stock. The stock was acquired at an average cost of $2.62 per share, with a total value of $14,027.48.
• On Friday, May 8th, Derek Steven Pilecki acquired 208 shares of U.S. Global Investors stock. The stock was acquired at an average cost of $2.62 per share, with a total value 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, with a total value of $7,797.12.
• On Wednesday, May 6th, Derek Steven Pilecki purchased 259 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.61 per share, with a total value of $675.99.
• On Friday, May 1st, Derek Steven Pilecki purchased 205 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.63 per share, with a total value of $539.15.

U.S. Global Investors Stock Up 0.4%

Shares of GROW traded up $0.01 during midday trading on Tuesday, reaching $2.60. 50,621 shares of the stock were exchanged, compared to its average volume of 19,074. U.S. Global Investors, Inc. has a 12-month low of $2.22 and a 12-month high of $3.65. The firm has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.73. The company has a market cap of $32.24 million, a price-to-earnings ratio of 10.00 and a beta of 0.70.

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 return on equity of 6.92% and a net margin of 33.29%.The company had revenue of $2.76 million during the quarter.

Key Headlines Impacting U.S. Global Investors

Here are the key news stories impacting U.S. Global Investors this week:

• Positive Sentiment: Management said the EPS restatement was caused by a spreadsheet omission, with no impact on net income, revenue, or cash, which should limit concern about the underlying business. Article Title
• Positive Sentiment: Multiple insider and major-shareholder purchases, including by Derek Steven Pilecki and Gator Capital Management, suggest confidence from those close to the company. Article Title
• Neutral Sentiment: The restatement will require an amended Form 10-Q/A, and prior disclosures tied to the affected period should no longer be relied upon, which may create some short-term investor caution. Article Title

Institutional Investors Weigh In On U.S. Global Investors

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake 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 worth $478,000 after purchasing an additional 21,100 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of U.S. Global Investors by 9.4% during 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. North Star Investment Management Corp. raised its stake in shares of U.S. Global Investors by 3,590.9% during the 1st 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. Sandia Investment Management LP purchased a new stake in shares of U.S. Global Investors during the 4th quarter worth about $106,000. Finally, Rothschild Wealth LLC acquired a new position in shares of U.S. Global Investors during the 4th quarter valued at about $1,260,000. 23.62% of the stock is owned by hedge funds and other 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.