U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) insider Derek Steven Pilecki purchased 33,034 shares of the stock in a transaction dated Friday, November 6th. The stock was purchased at an average price of $2.50 per share, for a total transaction of $82,585.00. Following the completion of the acquisition, the insider directly owned 1,162,333 shares in the company, valued at approximately $2,905,832.50. This represents a 2.93% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Derek Steven Pilecki also recently made the following trade(s):
- On Friday, October 23rd, Derek Steven Pilecki acquired 4,532 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.58 per share, with a total value of $11,692.56.
- On Tuesday, October 20th, Derek Steven Pilecki bought 2,886 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.57 per share, with a total value of $7,417.02.
U.S. Global Investors Stock Performance
GROW traded up $0.09 during trading on Monday, hitting $2.59. The stock had a trading volume of 8,690 shares, compared to its average volume of 33,622. The stock has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.92. U.S. Global Investors, Inc. has a twelve month low of $2.23 and a twelve month high of $3.65. The company has a market capitalization of $31.80 million, a PE ratio of 10.35 and a beta of 0.66.
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) earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 6.70% and a net margin of 29.81%. The business had revenue of $2.73 million for the quarter.
U.S. Global Investors Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a $0.0075 dividend. The ex-dividend date is Monday, December 14th. This represents a $0.09 dividend on an annualized basis and a yield of 3.5%. U.S. Global Investors’s dividend payout ratio (DPR) is 36.00%.
Institutional Investors Weigh In On U.S. Global Investors
Large investors have recently made changes to their positions in the stock. SMH Capital Advisors Inc. acquired a new position in shares of U.S. Global Investors in the 3rd quarter valued at $108,000. CWA Asset Management Group LLC lifted its holdings 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 during the period. Proficio Capital Partners LLC lifted its holdings in shares of U.S. Global Investors by 24.6% during the second 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 during the period. Renaissance Technologies LLC boosted its position in U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after buying an additional 21,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in 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 buying an additional 5,056 shares during the period. 23.62% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded shares of U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, U.S. Global Investors currently has a consensus rating of “Hold”.
View Our Latest Analysis on GROW
U.S. Global Investors Company Profile
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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