Key Points
- Gator Capital Management purchased 4,532 U.S. Global Investors shares at an average $2.58 each, spending $11,692.56 and increasing its ownership by 0.40% to 1,129,011 shares. The shareholder also bought 2,886 shares earlier in the week.
- GROW shares opened at $2.64, compared with a 52-week range of $2.23 to $3.65. The company reported quarterly revenue of $2.73 million and a loss of $0.03 per share.
- U.S. Global Investors declared a monthly dividend of $0.0075 per share, equivalent to $0.09 annually and a 3.4% yield. Analyst sentiment remains cautious, with a consensus “Hold” rating following a downgrade by Weiss Ratings.
U.S. Global Investors, Inc. (NASDAQ:GROW - Get Free Report) major shareholder Gator Capital Management, Llc acquired 4,532 shares of the firm's stock in a transaction dated Friday, October 23rd. The shares were purchased at an average cost of $2.58 per share, for a total transaction of $11,692.56. Following the completion of the acquisition, the insider directly owned 1,129,011 shares in the company, valued at approximately $2,912,848.38. This represents a 0.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's shares 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 bought 2,886 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.57 per share, with a total value of $7,417.02.
U.S. Global Investors Stock Performance
GROW stock opened at $2.64 on Tuesday. The firm has a fifty day moving average price of $2.98 and a 200 day moving average price of $2.92. U.S. Global Investors, Inc. has a fifty-two week low of $2.23 and a fifty-two week high of $3.65. The firm has a market cap of $32.47 million, a PE ratio of 10.56 and a beta of 0.67.
U.S. Global Investors (NASDAQ:GROW - Get Free Report) last released its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $2.73 million for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%.
U.S. Global Investors Dividend Announcement
The firm 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. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, December 14th. U.S. Global Investors's dividend payout ratio (DPR) is presently 36.00%.
Institutional Trading of U.S. Global Investors
A number of institutional investors have recently bought and sold shares of the stock. CWA Asset Management Group LLC boosted 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. North Star Investment Management Corp. increased its position 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 during the last quarter. Renaissance Technologies LLC increased its position 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 during the last quarter. Dimensional Fund Advisors LP increased 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 acquiring an additional 5,056 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its stake 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 valued at $170,000 after acquiring an additional 10,785 shares during the period. 23.62% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
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, the company presently has a consensus rating of "Hold".
Read Our Latest Stock Report on U.S. Global Investors
U.S. Global Investors Company Profile
(
Get Free Report)
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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