U.S. Global Investors (NASDAQ:GROW) Posts Earnings Results

U.S. Global Investors (NASDAQ:GROW) released its quarterly earnings results on Thursday. The asset manager reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.66 million during the quarter. U.S. Global Investors had a return on equity of 6.70% and a net margin of 29.81%.

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock traded down $0.05 on Thursday, reaching $2.52. 29,032 shares of the company traded hands, compared to its average volume of 15,351. The company has a 50 day moving average of $2.81 and a 200 day moving average of $2.92. U.S. Global Investors has a 52 week low of $2.23 and a 52 week high of $3.65. The firm has a market capitalization of $31.00 million, a PE ratio of 10.08 and a beta of 0.66.

U.S. Global Investors Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 28th. Shareholders of record on Monday, December 14th will be paid a $0.0075 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, December 14th. U.S. Global Investors’s payout ratio is presently 36.00%.

Insider Transactions at U.S. Global Investors

In other news, insider Derek Steven Pilecki purchased 33,034 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $2.50 per share, with a total value of $82,585.00. Following the transaction, the insider directly owned 1,162,333 shares of the company’s stock, valued at approximately $2,905,832.50. This represents a 2.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 47,870 shares of company stock valued at $120,804 over the last three months. Company insiders own 19.19% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. SMH Capital Advisors Inc. bought a new stake in U.S. Global Investors in the 3rd quarter valued at about $108,000. Proficio Capital Partners LLC lifted its holdings in U.S. Global Investors by 24.6% during the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock valued at $170,000 after purchasing an additional 10,785 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in U.S. Global Investors by 9.4% during the first 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 period. Renaissance Technologies LLC boosted its position in 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, CWA Asset Management Group LLC boosted its position in U.S. Global Investors by 12.8% during the third 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 period. Institutional investors own 23.62% of the company’s stock.

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 investment analyst has rated the stock with a Hold rating. According to MarketBeat, U.S. Global Investors has an average 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.