Insider Buying: U.S. Global Investors (NASDAQ:GROW) Major Shareholder Purchases $60,970.50 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc purchased 23,910 shares of the business’s stock in a transaction dated 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 acquisition, the insider owned 1,099,391 shares in the company, valued at $2,803,447.05. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares 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 cost of $2.60 per share, with a total value of $858.00.
• On Tuesday, June 2nd, Gator Capital Management, Llc purchased 20,496 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.59 per share, with a total value of $53,084.64.
• On Thursday, May 28th, Gator Capital Management, Llc acquired 1,376 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.60 per share, with a total value of $3,577.60.
• On Wednesday, May 13th, Gator Capital Management, Llc acquired 3,601 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.55 per share, with a total value of $9,182.55.
• On Tuesday, May 12th, Gator Capital Management, Llc acquired 404 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.55 per share, with a total value of $1,030.20.
• On Monday, May 11th, Gator Capital Management, Llc acquired 5,354 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.62 per share, with a total value of $14,027.48.
• On Friday, May 8th, Gator Capital Management, Llc acquired 208 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.62 per share, with a total value of $544.96.
• On Thursday, May 7th, Gator Capital Management, Llc acquired 2,976 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.62 per share, with a total value of $7,797.12.
• On Wednesday, May 6th, Gator Capital Management, Llc acquired 259 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.61 per share, with a total value of $675.99.
• On Friday, May 1st, Gator Capital Management, Llc acquired 205 shares of U.S. Global Investors stock. The stock was bought at an average cost of $2.63 per share, with a total value of $539.15.

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW opened at $2.71 on Friday. The company has a market cap of $33.60 million, a price-to-earnings ratio of 10.42 and a beta of 0.70. The firm has a 50 day simple moving average of $2.62 and a 200 day simple moving average of $2.73. 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 (NASDAQ:GROW) last issued its quarterly earnings data on Wednesday, May 13th. The asset manager reported $0.23 EPS for the quarter. The business had revenue of $2.76 million during the quarter. U.S. Global Investors had a net margin of 33.29% and a return on equity of 6.92%.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gator Capital Management LLC increased its position in U.S. Global Investors by 18.9% in the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock valued at $2,008,000 after acquiring an additional 132,207 shares during the period. Rothschild Wealth LLC acquired a new position in U.S. Global Investors in the 4th quarter valued at approximately $1,260,000. CWA Asset Management Group LLC increased its position in U.S. Global Investors by 66.4% in the 4th quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after acquiring an additional 168,176 shares during the period. North Star Investment Management Corp. increased its position in U.S. Global Investors by 3,590.9% in the 1st 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 period. Finally, Renaissance Technologies LLC increased its position in U.S. Global Investors by 12.3% in the 1st 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 period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of U.S. Global Investors in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

U.S. Global Investors Company 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.