North Star Investment Management Corp. Purchases 395,000 Shares of U.S. Global Investors, Inc. $GROW

North Star Investment Management Corp. raised its position in U.S. Global Investors, Inc. (NASDAQ:GROW) by 3,590.9% in the 1st quarter, Holdings Channel reports. The firm owned 406,000 shares of the asset manager’s stock after buying an additional 395,000 shares during the quarter. North Star Investment Management Corp.’s holdings in U.S. Global Investors were worth $1,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Gator Capital Management LLC grew its position in shares of U.S. Global Investors by 18.9% during the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock valued at $2,008,000 after purchasing an additional 132,207 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in shares of U.S. Global Investors in the fourth quarter worth $1,260,000. CWA Asset Management Group LLC boosted its stake in U.S. Global Investors by 66.4% during the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after buying an additional 168,176 shares during the period. Susquehanna International Group LLP boosted its stake in 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 valued at $259,000 after buying an additional 48,871 shares during the period. Finally, Sandia Investment Management LP purchased a new position in U.S. Global Investors during the fourth quarter worth about $106,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Global Investors Price Performance

GROW stock opened at $3.16 on Tuesday. The firm has a 50 day simple moving average of $2.75 and a two-hundred day simple moving average of $2.80. The stock has a market cap of $39.18 million, a PE ratio of 12.15 and a beta of 0.70. U.S. Global Investors, Inc. has a one year low of $2.23 and a one year high of $3.65.

U.S. Global Investors Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be given a $0.0075 dividend. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 2.8%. U.S. Global Investors’s payout ratio is 34.62%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other news, insider Derek Steven Pilecki purchased 23,910 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $2.55 per share, with a total value of $60,970.50. Following the completion of the purchase, the insider directly owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. This trade represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Gator Capital Management, Llc purchased 23,910 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average cost of $2.55 per share, with a total value of $60,970.50. Following the purchase, the insider owned 1,099,391 shares of the company’s stock, valued at approximately $2,803,447.05. The trade was a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by insiders.

U.S. Global Investors Profile

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.