U.S. Global Investors, Inc. (NASDAQ:GROW) to Issue Monthly Dividend of $0.01

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Thursday, June 18th. Shareholders of record on Monday, July 13th will be paid a dividend of 0.0075 per share by the asset manager on Monday, July 27th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, July 13th.

U.S. Global Investors has raised its dividend by an average of 0.2%per year over the last three years.

U.S. Global Investors Trading Up 2.0%

GROW stock opened at $3.10 on Friday. The company has a market capitalization of $38.44 million, a P/E ratio of 11.92 and a beta of 0.70. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65. The business has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $2.77.

Insider Activity

In other U.S. Global Investors news, major shareholder Gator Capital Management, Llc bought 20,496 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of $2.59 per share, for a total transaction of $53,084.64. Following the completion of the purchase, the insider owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Derek Steven Pilecki purchased 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of $2.59 per share, for a total transaction of $53,084.64. Following the acquisition, the insider owned 1,121,263 shares of the company’s stock, valued at approximately $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 118,238 shares of company stock valued at $304,576 in the last quarter. Insiders own 19.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. MAI Capital Management purchased a new position in shares of U.S. Global Investors in the 3rd quarter valued at approximately $102,000. Citadel Advisors LLC raised its stake in shares of U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after purchasing an additional 14,938 shares during the last quarter. Sandia Investment Management LP purchased a new stake in shares of U.S. Global Investors during the fourth quarter worth approximately $106,000. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 5,056 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after purchasing an additional 48,871 shares during the period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Global Investors

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.