U.S. Global Investors (NASDAQ:GROW) Major Shareholder Buys $14,027.48 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc bought 5,354 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $2.62 per share, with a total value of $14,027.48. Following the purchase, the insider owned 1,071,476 shares of the company’s stock, valued at $2,807,267.12. This trade represents a 0.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 bought at an average cost of $2.60 per share, with a total value of $858.00.
• On Tuesday, June 2nd, Gator Capital Management, Llc purchased 20,496 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.59 per share, for a total transaction of $53,084.64.
• On Thursday, May 28th, Gator Capital Management, Llc purchased 1,376 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.60 per share, for a total transaction of $3,577.60.
• On Thursday, May 21st, Gator Capital Management, Llc purchased 23,910 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $60,970.50.
• On Wednesday, May 13th, Gator Capital Management, Llc purchased 3,601 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $9,182.55.
• On Tuesday, May 12th, Gator Capital Management, Llc purchased 404 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $1,030.20.
• On Friday, May 8th, Gator Capital Management, Llc purchased 208 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.62 per share, for a total transaction of $544.96.
• On Thursday, May 7th, Gator Capital Management, Llc purchased 2,976 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.62 per share, for a total transaction of $7,797.12.
• On Wednesday, May 6th, Gator Capital Management, Llc purchased 259 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.61 per share, for a total transaction of $675.99.
• On Friday, May 1st, Gator Capital Management, Llc purchased 205 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.63 per share, for a total transaction of $539.15.

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.71 on Friday. The stock has a market capitalization of $33.60 million, a PE ratio of 10.42 and a beta of 0.70. U.S. Global Investors, Inc. has a 1 year low of $2.23 and a 1 year high of $3.65. The company’s 50-day simple moving average is $2.62 and its 200-day simple moving average is $2.73.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of U.S. Global Investors in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, U.S. Global Investors has a consensus rating of “Hold”.

Institutional Trading of U.S. Global Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management acquired a new stake in U.S. Global Investors during the third quarter worth approximately $102,000. Sandia Investment Management LP acquired a new stake in U.S. Global Investors during the fourth quarter worth approximately $106,000. Citadel Advisors LLC raised its holdings in 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 purchasing an additional 14,938 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in U.S. Global Investors by 9.4% during the first 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. Finally, Susquehanna International Group LLP raised its holdings in 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 purchasing an additional 48,871 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.