U.S. Global Investors (NASDAQ:GROW) Insider Derek Steven Pilecki Purchases 33,034 Shares of Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki purchased 33,034 shares of the company’s stock in a transaction on Friday, November 6th. The shares were bought at an average price of $2.50 per share, for a total transaction of $82,585.00. Following the completion of the transaction, the insider directly owned 1,162,333 shares in the company, valued at $2,905,832.50. This represents a 2.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, October 23rd, Derek Steven Pilecki bought 4,532 shares of U.S. Global Investors stock. The stock was purchased at an average price of $2.58 per share, with a total value of $11,692.56.
• On Tuesday, October 20th, Derek Steven Pilecki acquired 2,886 shares of U.S. Global Investors stock. The stock was purchased at an average price of $2.57 per share, with a total value of $7,417.02.

U.S. Global Investors Stock Up 3.2%

NASDAQ:GROW opened at $2.58 on Tuesday. The business’s 50-day moving average price is $2.85 and its 200 day moving average price is $2.92. U.S. Global Investors, Inc. has a 52-week low of $2.23 and a 52-week high of $3.65. The firm has a market cap of $31.73 million, a P/E ratio of 10.32 and a beta of 0.66.

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

U.S. Global Investors Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be issued a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 annualized dividend and a dividend yield of 3.5%. U.S. Global Investors’s dividend payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered U.S. Global Investors from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Institutional Trading of U.S. Global Investors

Several institutional investors have recently made changes to their positions in the stock. SMH Capital Advisors Inc. purchased a new stake in U.S. Global Investors in the 3rd quarter worth approximately $108,000. CWA Asset Management Group LLC grew its stake in shares of 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 buying an additional 90,751 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in U.S. Global Investors by 24.6% in the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after buying an additional 10,785 shares during the last quarter. Renaissance Technologies LLC raised its position in U.S. Global Investors by 12.3% during the first 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in U.S. Global Investors by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after acquiring an additional 5,056 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Global Investors

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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