U.S. Global Investors (NASDAQ:GROW) Insider Purchases $11,692.56 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki bought 4,532 shares of the firm’s stock in a transaction on Friday, October 23rd. The shares were purchased at an average price of $2.58 per share, for a total transaction of $11,692.56. Following the purchase, the insider owned 1,129,011 shares in the company, valued at $2,912,848.38. This trade represents a 0.40% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, October 20th, Derek Steven Pilecki purchased 2,886 shares of U.S. Global Investors stock. The stock was purchased at an average price of $2.57 per share, with a total value of $7,417.02.

U.S. Global Investors Price Performance

GROW opened at $2.72 on Thursday. The firm has a market cap of $33.45 million, a P/E ratio of 10.88 and a beta of 0.67. U.S. Global Investors, Inc. has a 1-year low of $2.23 and a 1-year high of $3.65. The company has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $2.92.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Thursday, September 3rd. The asset manager reported ($0.03) EPS for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%. The firm had revenue of $2.73 million for the quarter.

U.S. Global Investors Dividend Announcement

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. This represents a $0.09 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s dividend payout ratio is presently 36.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, U.S. Global Investors has an average rating of “Hold”.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC lifted its holdings in shares of U.S. Global Investors by 24.6% in the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after buying an additional 10,785 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 5,056 shares during 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 valued at $478,000 after acquiring an additional 21,100 shares in the last quarter. 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 valued at $1,007,000 after acquiring an additional 395,000 shares in the last quarter. 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 valued at $2,298,000 after acquiring an additional 90,751 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

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.

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