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

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki bought 33,034 shares of U.S. Global Investors stock in a transaction that occurred on Friday, November 6th. The shares were acquired at an average price of $2.50 per share, with a total value of $82,585.00. Following the acquisition, the insider directly owned 1,162,333 shares of the company’s stock, valued at $2,905,832.50. The trade was a 2.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW opened at $2.56 on Wednesday. The company’s 50-day moving average price is $2.84 and its two-hundred day moving average price is $2.92. U.S. Global Investors, Inc. has a one year low of $2.23 and a one year high of $3.65. The stock has a market capitalization of $31.49 million, a PE ratio of 10.24 and a beta of 0.66.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share 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 business also recently announced a monthly dividend, which will be paid on Monday, December 28th. Investors 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 yield of 3.5%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s dividend payout ratio is presently 36.00%.

Analyst Ratings Changes

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

Institutional Trading of U.S. Global Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SMH Capital Advisors Inc. acquired a new stake in U.S. Global Investors in the third quarter valued at $108,000. Dimensional Fund Advisors LP grew its position 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 acquiring an additional 5,056 shares during the period. Proficio Capital Partners LLC increased its stake in shares of 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 increased its stake in shares of 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. Finally, CWA Asset Management Group LLC increased its stake in shares of U.S. Global Investors by 12.8% during the 3rd quarter. CWA Asset Management Group LLC now owns 797,986 shares of the asset manager’s stock worth $2,298,000 after purchasing an additional 90,751 shares during the last quarter. 23.62% of the stock is owned by institutional investors.

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.