U.S. Global Investors, Inc. (NASDAQ:GROW) Declares Monthly Dividend of $0.01

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

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

U.S. Global Investors Stock Performance

Shares of GROW opened at $3.10 on Friday. The firm has a market cap of $38.44 million, a PE ratio of 11.92 and a beta of 0.70. The firm’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.77. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65.

Insider Activity

In related news, major shareholder Gator Capital Management, Llc purchased 20,496 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was acquired at an average price of $2.59 per share, with a total value of $53,084.64. Following the completion of the acquisition, the insider directly owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This trade represents a 1.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Derek Steven Pilecki bought 20,496 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of $2.59 per share, with a total value of $53,084.64. Following the transaction, the insider owned 1,121,263 shares of the company’s stock, valued at $2,904,071.17. The trade was a 1.86% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 118,238 shares of company stock worth $304,576. 19.19% of the stock is owned by insiders.

Institutional Investors Weigh In On U.S. Global Investors

Institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC increased its holdings in U.S. Global Investors by 66.4% in the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after purchasing an additional 168,176 shares during the last quarter. Gator Capital Management LLC grew its stake in U.S. Global Investors by 2.4% in the third quarter. Gator Capital Management LLC now owns 700,884 shares of the asset manager’s stock valued at $1,927,000 after acquiring an additional 16,661 shares during the period. MAI Capital Management bought a new stake in shares of U.S. Global Investors in the third quarter worth about $102,000. Renaissance Technologies LLC raised its position in shares of 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 worth $478,000 after purchasing an additional 21,100 shares during the period. Finally, Sandia Investment Management LP bought a new position in shares of U.S. Global Investors during the 4th quarter valued at about $106,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.