U.S. Global Investors (NASDAQ:GROW) Insider Derek Steven Pilecki Buys 4,532 Shares of Company Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki acquired 4,532 shares of U.S. Global Investors stock in a transaction on Friday, October 23rd. The shares were purchased at an average price 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 $2,912,848.38. This trade represents a 0.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Derek Steven Pilecki also recently made the following trade(s):

• On Tuesday, October 20th, Derek Steven Pilecki purchased 2,886 shares of U.S. Global Investors stock. The shares were purchased at an average cost of $2.57 per share, for a total transaction of $7,417.02.

U.S. Global Investors Stock Up 1.0%

NASDAQ:GROW traded up $0.03 during mid-day trading on Monday, reaching $2.65. The company’s stock had a trading volume of 17,361 shares, compared to its average volume of 34,384. U.S. Global Investors, Inc. has a 1 year low of $2.23 and a 1 year high of $3.65. The stock has a fifty day moving average of $2.99 and a 200-day moving average of $2.89. The firm has a market capitalization of $32.56 million, a PE ratio of 10.54 and a beta of 0.67.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%. The company had revenue of $2.73 million for the quarter.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Stockholders of record on Monday, December 14th will be issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s dividend payout ratio is currently 36.00%.

Hedge Funds Weigh In On U.S. Global Investors

A number of institutional investors have recently bought and sold shares of the business. CWA Asset Management Group LLC raised its stake in U.S. Global Investors by 12.8% in the 3rd quarter. CWA Asset Management Group LLC now owns 797,986 shares of the asset manager’s stock valued at $2,298,000 after purchasing an additional 90,751 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in U.S. Global Investors by 24.6% during the 2nd 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 during the last quarter. Renaissance Technologies LLC boosted its stake in U.S. Global Investors by 12.3% during the 1st 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. Dimensional Fund Advisors LP grew 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 buying an additional 5,056 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in shares of 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 worth $1,007,000 after buying an additional 395,000 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, U.S. Global Investors currently has an average rating of “Hold”.

U.S. Global Investors Company Profile

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.

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