U.S. Global Investors (NASDAQ:GROW) Major Shareholder Gator Capital Management, Llc Purchases 4,532 Shares of Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc purchased 4,532 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average price of $2.58 per share, with a total value of $11,692.56. Following the completion of the acquisition, the insider owned 1,129,011 shares in the company, valued at $2,912,848.38. This represents a 0.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, October 20th, Gator Capital Management, Llc acquired 2,886 shares of U.S. Global Investors stock. The shares were bought at an average price of $2.57 per share, for a total transaction of $7,417.02.

U.S. Global Investors Trading Up 1.0%

Shares of GROW traded up $0.03 during midday trading on Monday, reaching $2.65. 17,361 shares of the company were exchanged, 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 50-day moving average price of $2.99 and a 200-day moving average price of $2.89. The company has a market cap of $32.56 million, a price-to-earnings ratio of 10.59 and a beta of 0.67.

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

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be given a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 14th. This represents a $0.09 annualized dividend and a yield of 3.4%. U.S. Global Investors’s dividend payout ratio (DPR) is 36.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC boosted its holdings in U.S. Global Investors by 12.8% in the third 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. North Star Investment Management Corp. grew its stake in U.S. Global Investors by 3,590.9% during 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 purchasing an additional 395,000 shares in the last quarter. Renaissance Technologies LLC grew 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 valued at $478,000 after purchasing an additional 21,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after purchasing an additional 5,056 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its holdings 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. Institutional investors and hedge funds own 23.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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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