Key Points
- Insider Derek Steven Pilecki bought 33,034 shares of U.S. Global Investors at an average price of $2.50, spending $82,585. His stake rose 2.93% to 1,162,333 shares.
- The company reported quarterly EPS of -$0.03 on revenue of $2.73 million and announced a monthly dividend of $0.0075 per share, equivalent to a 3.5% annualized yield.
- Analyst sentiment is neutral: Weiss Ratings downgraded the stock to “hold,” matching the consensus rating. Shares opened at $2.58, with a stated 52-week range of $2.23 to $3.65.
U.S. Global Investors, Inc. (NASDAQ:GROW - Get Free Report) insider Derek Steven Pilecki purchased 33,034 shares of U.S. Global Investors stock in a transaction on Friday, November 6th. The stock was bought at an average cost of $2.50 per share, with a total value of $82,585.00. Following the transaction, the insider directly owned 1,162,333 shares of the company's stock, valued at approximately $2,905,832.50. The trade was a 2.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Derek Steven Pilecki also recently made the following trade(s):
- On Friday, October 23rd, Derek Steven Pilecki bought 4,532 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.58 per share, with a total value of $11,692.56.
- On Tuesday, October 20th, Derek Steven Pilecki acquired 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 Trading Up 3.2%
NASDAQ:GROW opened at $2.58 on Tuesday. The firm has a market capitalization of $31.73 million, a PE ratio of 10.32 and a beta of 0.66. U.S. Global Investors, Inc. has a 1 year low of $2.23 and a 1 year high of $3.65. The firm's fifty day simple moving average is $2.85 and its 200 day simple moving average is $2.92.
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 firm 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 Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, December 28th. Investors of record on Monday, December 14th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend 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 payout ratio is 36.00%.
Wall Street Analyst Weigh In
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, the stock has a consensus rating of "Hold".
View Our Latest Stock Analysis on GROW
Institutional Investors Weigh In On U.S. Global Investors
A number of hedge funds have recently made changes to their positions in the company. SMH Capital Advisors Inc. bought a new stake in U.S. Global Investors during the third quarter worth about $108,000. Dimensional Fund Advisors LP raised its position 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 valued at $146,000 after purchasing an additional 5,056 shares during the last quarter. Proficio Capital Partners LLC boosted its stake 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 grew its holdings 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 worth $478,000 after purchasing an additional 21,100 shares during the last quarter. Finally, CWA Asset Management Group LLC grew 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 last quarter. Institutional investors and hedge funds own 23.62% of the company's stock.
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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