U.S. Global Investors, Inc. (GROW) to Distribute Monthly Dividend of $0.01 on August 31st

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Thursday, June 18th. Stockholders of record on Monday, August 17th will be given a dividend of 0.0075 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th.

U.S. Global Investors has raised its dividend by an average of 0.2%per year over the last three years.

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW opened at $3.10 on Friday. The business has a 50 day moving average price of $2.68 and a 200 day moving average price of $2.77. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65. The company has a market cap of $38.44 million, a price-to-earnings ratio of 11.92 and a beta of 0.70.

Insider Activity

In other news, insider Derek Steven Pilecki purchased 23,910 shares of the business’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 acquisition, the insider directly owned 1,099,391 shares in the company, valued at approximately $2,803,447.05. The trade was a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Gator Capital Management, Llc acquired 23,910 shares of U.S. Global Investors 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 transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 118,238 shares of company stock worth $304,576 over the last 90 days. Corporate insiders own 19.19% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. MAI Capital Management bought a new position in U.S. Global Investors in the third quarter worth $102,000. Sandia Investment Management LP bought a new stake in U.S. Global Investors in the 4th quarter valued at $106,000. Citadel Advisors LLC increased its holdings 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 buying an additional 14,938 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 5,056 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in shares of U.S. Global Investors by 108.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after acquiring an additional 48,871 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

About U.S. Global Investors

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.