U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) major shareholder Gator Capital Management, Llc acquired 4,532 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were bought at an average cost of $2.58 per share, with a total value of $11,692.56. Following the purchase, the insider owned 1,129,011 shares in the company, valued at approximately $2,912,848.38. The trade was a 0.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 acquired 2,886 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.57 per share, for a total transaction of $7,417.02.
U.S. Global Investors Stock Up 1.0%
Shares of GROW traded up $0.03 during mid-day trading on Monday, hitting $2.65. The company had a trading volume of 17,361 shares, compared to its average volume of 34,384. The business’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $2.89. U.S. Global Investors, Inc. has a 1-year low of $2.23 and a 1-year high of $3.65. The stock has a market cap of $32.56 million, a PE ratio of 10.59 and a beta of 0.67.
U.S. Global Investors (NASDAQ:GROW – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) EPS for the quarter. U.S. Global Investors had a return on equity of 6.70% and a net margin of 29.81%. The company had revenue of $2.73 million for the quarter.
U.S. Global Investors Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be paid a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 annualized dividend and a dividend yield of 3.4%. U.S. Global Investors’s payout ratio is currently 36.00%.
Institutional Trading of U.S. Global Investors
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC increased its position in 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 worth $170,000 after purchasing an additional 10,785 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $146,000 after buying an additional 5,056 shares in the last quarter. Renaissance Technologies LLC grew its stake in U.S. Global Investors by 12.3% during the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after buying an additional 21,100 shares during the period. North Star Investment Management Corp. grew its stake in U.S. Global Investors by 3,590.9% during the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after buying an additional 395,000 shares during the period. Finally, CWA Asset Management Group LLC grew its stake in 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 buying an additional 90,751 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, U.S. Global Investors has a consensus rating of “Hold”.
Read Our Latest Stock Report on GROW
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.
U.S.
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