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

U.S. Global Investors, Inc. (NASDAQ:GROWGet Free Report) announced a monthly dividend on Thursday, June 18th. Stockholders of record on Monday, August 17th will be given a dividend of 0.0075 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 17th.

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

U.S. Global Investors Stock Up 2.0%

GROW opened at $3.10 on Friday. U.S. Global Investors has a 12-month low of $2.23 and a 12-month high of $3.65. The business has a 50 day moving average of $2.67 and a 200-day moving average of $2.77. The stock has a market cap of $38.44 million, a price-to-earnings ratio of 11.92 and a beta of 0.70.

Insider Activity

In related news, insider Derek Steven Pilecki purchased 20,496 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the purchase, the insider owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gator Capital Management, Llc purchased 20,496 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of $2.59 per share, for a total transaction of $53,084.64. Following the completion of the acquisition, the insider owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This trade represents a 1.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 118,238 shares of company stock valued at $304,576 in the last ninety days. 19.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On U.S. Global Investors

Institutional investors and hedge funds have recently made changes to their positions in the company. MAI Capital Management bought a new position in shares of U.S. Global Investors during the third quarter worth approximately $102,000. Gator Capital Management LLC boosted its stake in U.S. Global Investors by 2.4% in the 3rd 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. Citadel Advisors LLC boosted its stake in U.S. Global Investors by 52.1% in the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 14,938 shares during the period. Susquehanna International Group LLP grew its holdings in U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after buying an additional 48,871 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in U.S. Global Investors by 66.4% in 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 buying an additional 168,176 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

(Get Free Report)

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.

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Dividend History for U.S. Global Investors (NASDAQ:GROW)

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