U.S. Global Investors (NASDAQ:GROW) Major Shareholder Gator Capital Management, Llc Buys 23,910 Shares

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc acquired 23,910 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $2.55 per share, for a total transaction of $60,970.50. Following the completion of the transaction, the insider owned 1,099,391 shares in the company, valued at $2,803,447.05. The trade was a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Gator Capital Management, Llc also recently made the following trade(s):

• On Thursday, May 28th, Gator Capital Management, Llc bought 1,376 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.60 per share, for a total transaction of $3,577.60.
• On Wednesday, May 13th, Gator Capital Management, Llc bought 3,601 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.55 per share, for a total transaction of $9,182.55.
• On Tuesday, May 12th, Gator Capital Management, Llc bought 404 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.55 per share, for a total transaction of $1,030.20.
• On Monday, May 11th, Gator Capital Management, Llc bought 5,354 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.62 per share, for a total transaction of $14,027.48.
• On Friday, May 8th, Gator Capital Management, Llc bought 208 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.62 per share, for a total transaction of $544.96.
• On Thursday, May 7th, Gator Capital Management, Llc bought 2,976 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.62 per share, for a total transaction of $7,797.12.
• On Wednesday, May 6th, Gator Capital Management, Llc bought 259 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.61 per share, for a total transaction of $675.99.
• On Friday, May 1st, Gator Capital Management, Llc bought 205 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.63 per share, for a total transaction of $539.15.

U.S. Global Investors Price Performance

Shares of NASDAQ GROW traded up $0.01 during trading on Tuesday, hitting $2.60. 50,621 shares of the company were exchanged, compared to its average volume of 19,074. The company has a market cap of $32.24 million, a price-to-earnings ratio of 10.00 and a beta of 0.70. U.S. Global Investors, Inc. has a 1 year low of $2.22 and a 1 year high of $3.65. The firm’s fifty day moving average price is $2.64 and its 200 day moving average price is $2.73.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Wednesday, May 13th. The asset manager reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $2.76 million during the quarter. U.S. Global Investors had a return on equity of 6.92% and a net margin of 33.29%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. MAI Capital Management acquired a new position in shares of U.S. Global Investors during the 3rd quarter worth $102,000. Sandia Investment Management LP acquired a new position in U.S. Global Investors in the 4th quarter valued at about $106,000. Citadel Advisors LLC raised its stake in U.S. Global Investors by 52.1% in the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 14,938 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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. Finally, Susquehanna International Group LLP raised its stake in U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after purchasing an additional 48,871 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors News Summary

Here are the key news stories impacting U.S. Global Investors this week:

• Positive Sentiment: Management said the EPS restatement was caused by a spreadsheet omission, with no impact on net income, revenue, or cash, which should limit concern about the underlying business. Article Title
• Positive Sentiment: Multiple insider and major-shareholder purchases, including by Derek Steven Pilecki and Gator Capital Management, suggest confidence from those close to the company. Article Title
• Neutral Sentiment: The restatement will require an amended Form 10-Q/A, and prior disclosures tied to the affected period should no longer be relied upon, which may create some short-term investor caution. Article Title

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.