Key Points
- Gator Capital Management, a major shareholder of U.S. Global Investors, bought 20,496 shares on June 2 at an average price of $2.59, increasing its stake by 1.86% to 1,121,263 shares.
- The firm has been consistently buying shares throughout May and early June, with multiple additional purchases disclosed in SEC filings.
- U.S. Global Investors stock was up 3.8% and opened at $2.71; the company reported $0.23 EPS and $2.76 million in quarterly revenue, while analysts currently rate the stock Hold.
U.S. Global Investors, Inc. (NASDAQ:GROW - Get Free Report) major shareholder Gator Capital Management, Llc purchased 20,496 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price 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 of the company's stock, valued at $2,904,071.17. The trade was a 1.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Gator Capital Management, Llc also recently made the following trade(s):
- On Wednesday, June 3rd, Gator Capital Management, Llc purchased 330 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.60 per share, for a total transaction of $858.00.
- On Thursday, May 28th, Gator Capital Management, Llc purchased 1,376 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.60 per share, for a total transaction of $3,577.60.
- On Thursday, May 21st, Gator Capital Management, Llc purchased 23,910 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.55 per share, for a total transaction of $60,970.50.
- On Wednesday, May 13th, Gator Capital Management, Llc purchased 3,601 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.55 per share, for a total transaction of $9,182.55.
- On Tuesday, May 12th, Gator Capital Management, Llc purchased 404 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.55 per share, for a total transaction of $1,030.20.
- On Monday, May 11th, Gator Capital Management, Llc purchased 5,354 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.62 per share, for a total transaction of $14,027.48.
- On Friday, May 8th, Gator Capital Management, Llc purchased 208 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.62 per share, for a total transaction of $544.96.
- On Thursday, May 7th, Gator Capital Management, Llc purchased 2,976 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.62 per share, for a total transaction of $7,797.12.
- On Wednesday, May 6th, Gator Capital Management, Llc purchased 259 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.61 per share, for a total transaction of $675.99.
- On Friday, May 1st, Gator Capital Management, Llc purchased 205 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.63 per share, for a total transaction of $539.15.
U.S. Global Investors Stock Up 3.8%
GROW opened at $2.71 on Friday. The stock has a market cap of $33.60 million, a price-to-earnings ratio of 10.42 and a beta of 0.70. U.S. Global Investors, Inc. has a twelve month low of $2.23 and a twelve month high of $3.65. The company's 50-day moving average price is $2.62 and its two-hundred day moving average price is $2.73.
U.S. Global Investors (NASDAQ:GROW - Get Free Report) last released its earnings results on Wednesday, May 13th. The asset manager reported $0.23 earnings per share for the quarter. The firm had revenue of $2.76 million for the quarter. U.S. Global Investors had a net margin of 33.29% and a return on equity of 6.92%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of U.S. Global Investors in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Read Our Latest Stock Report on GROW
Institutional Trading of U.S. Global Investors
Institutional investors have recently modified their holdings of the business. MAI Capital Management purchased a new stake in shares of U.S. Global Investors during the 3rd quarter valued at approximately $102,000. Sandia Investment Management LP purchased a new stake in shares of U.S. Global Investors during the 4th quarter valued at approximately $106,000. Citadel Advisors LLC lifted its stake in shares of U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager's stock valued at $120,000 after buying an additional 14,938 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of U.S. Global Investors by 9.4% during the 1st 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. Finally, Susquehanna International Group LLP lifted its stake in shares of U.S. Global Investors by 108.2% during 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. 23.62% of the stock is currently owned by hedge funds and other institutional investors.
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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