U.S. Global Investors (NASDAQ:GROW) Insider Purchases $82,585.00 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki bought 33,034 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of $2.50 per share, for a total transaction of $82,585.00. Following the transaction, the insider owned 1,162,333 shares in the company, valued at approximately $2,905,832.50. The trade was a 2.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, October 23rd, Derek Steven Pilecki purchased 4,532 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.58 per share, for a total transaction of $11,692.56.
• On Tuesday, October 20th, Derek Steven Pilecki purchased 2,886 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.57 per share, with a total value of $7,417.02.

U.S. Global Investors Stock Up 0.4%

Shares of GROW opened at $2.57 on Thursday. The company has a market cap of $31.61 million, a PE ratio of 10.28 and a beta of 0.66. The business has a fifty day moving average of $2.82 and a 200 day moving average of $2.92. U.S. Global Investors, Inc. has a 52-week low of $2.23 and a 52-week high of $3.65.

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

U.S. Global Investors Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, December 14th. This represents a $0.09 annualized dividend and a yield of 3.5%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 36.00%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On U.S. Global Investors

A number of hedge funds have recently made changes to their positions in GROW. SMH Capital Advisors Inc. bought a new stake in U.S. Global Investors during the third quarter valued at about $108,000. CWA Asset Management Group LLC raised its holdings in U.S. Global Investors by 12.8% in 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 in the last quarter. Proficio Capital Partners LLC raised its holdings in 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 purchasing an additional 10,785 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 buying an additional 21,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 valued at $146,000 after buying an additional 5,056 shares during the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.