U.S. Global Investors (NASDAQ:GROW) Major Shareholder Gator Capital Management, Llc Buys 20,496 Shares

U.S. Global Investors, Inc. (NASDAQ:GROW) major shareholder Gator Capital Management, Llc purchased 20,496 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $2.59 per share, with a total value of $53,084.64. Following the completion of the purchase, the insider directly owned 1,121,263 shares in the company, valued at approximately $2,904,071.17. This represents a 1.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, June 3rd, Gator Capital Management, Llc purchased 330 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.60 per share, with a total value of $858.00.
• On Thursday, May 28th, Gator Capital Management, Llc purchased 1,376 shares of U.S. Global Investors stock. The shares were acquired at an average cost of $2.60 per share, with a total value of $3,577.60.
• On Thursday, May 21st, Gator Capital Management, Llc acquired 23,910 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.55 per share, for a total transaction of $60,970.50.
• On Wednesday, May 13th, Gator Capital Management, Llc purchased 3,601 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.55 per share, for a total transaction of $9,182.55.
• On Tuesday, May 12th, Gator Capital Management, Llc purchased 404 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.55 per share, for a total transaction of $1,030.20.
• On Monday, May 11th, Gator Capital Management, Llc purchased 5,354 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.62 per share, for a total transaction of $14,027.48.
• On Friday, May 8th, Gator Capital Management, Llc purchased 208 shares of U.S. Global Investors stock. The stock was bought at an average price of $2.62 per share, for a total transaction of $544.96.
• On Thursday, May 7th, Gator Capital Management, Llc bought 2,976 shares of U.S. Global Investors stock. The stock was acquired at an average price of $2.62 per share, for a total transaction of $7,797.12.
• On Wednesday, May 6th, Gator Capital Management, Llc purchased 259 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.61 per share, for a total transaction of $675.99.
• On Friday, May 1st, Gator Capital Management, Llc acquired 205 shares of U.S. Global Investors stock. The shares were purchased at an average price of $2.63 per share, for a total transaction of $539.15.

U.S. Global Investors Stock Performance

Shares of NASDAQ:GROW traded up $0.07 during midday trading on Thursday, hitting $2.68. 7,111 shares of the stock were exchanged, compared to its average volume of 46,590. The stock has a market capitalization of $33.23 million, a price-to-earnings ratio of 10.31 and a beta of 0.70. U.S. Global Investors, Inc. has a 12 month low of $2.23 and a 12 month high of $3.65. The business’s 50-day moving average price is $2.62 and its 200 day moving average price is $2.73.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, May 13th. The asset manager reported $0.23 EPS for the quarter. The company had revenue of $2.76 million for the quarter. U.S. Global Investors had a return on equity of 6.92% and a net margin of 33.29%.

Institutional Investors Weigh In On U.S. Global Investors

A number of institutional investors and hedge funds have recently bought and sold shares of GROW. Rothschild Wealth LLC purchased a new stake in U.S. Global Investors in the 4th quarter valued at $1,260,000. North Star Investment Management Corp. increased its position in shares of 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 during the last quarter. CWA Asset Management Group LLC grew its holdings in U.S. Global Investors by 66.4% during 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 period. Gator Capital Management LLC boosted its stake in U.S. Global Investors by 18.9% in the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after purchasing an additional 132,207 shares during the period. Finally, Susquehanna International Group LLP raised its position in shares of U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of U.S. Global Investors in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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.