Insider Buying: U.S. Global Investors (NASDAQ:GROW) Major Shareholder Buys 5,354 Shares of Stock

by · The Markets Daily

U.S. Global Investors, Inc. (NASDAQ:GROW – Get Free Report) major shareholder Gator Capital Management, Llc purchased 5,354 shares of U.S. Global Investors stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $2.62 per share, for a total transaction of $14,027.48. Following the transaction, the insider directly owned 1,071,476 shares of the company’s stock, valued at $2,807,267.12. This represents a 0.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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

U.S. Global Investors Stock Up 0.4%

Shares of GROW stock traded up $0.01 during trading hours on Tuesday, reaching $2.60. The company’s stock had a trading volume of 50,621 shares, compared to its average volume of 19,074. The firm’s 50 day simple moving average is $2.64 and its 200-day simple moving average is $2.73. The company has a market capitalization of $32.24 million, a price-to-earnings ratio of 10.00 and a beta of 0.70. U.S. Global Investors, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $3.65.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last issued its earnings results on Wednesday, May 13th. The asset manager reported $0.23 earnings per share for the quarter. The firm 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 Inflows and Outflows

Large investors have recently modified their holdings of the company. CWA Asset Management Group LLC lifted its stake in shares of U.S. Global Investors by 66.4% in the 4th quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after acquiring an additional 168,176 shares during the last quarter. Gator Capital Management LLC lifted its stake in shares of U.S. Global Investors by 2.4% in the 3rd 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 last quarter. MAI Capital Management bought a new position in shares of U.S. Global Investors in the 3rd quarter valued at $102,000. Rothschild Wealth LLC bought a new position in shares of U.S. Global Investors in the 4th quarter valued at $1,260,000. Finally, Susquehanna International Group LLP lifted its stake in shares of U.S. Global Investors by 108.2% in the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after acquiring an additional 48,871 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.

Key Headlines Impacting U.S. Global Investors

Here are the key news stories impacting U.S. Global Investors this week:

  • Positive Sentiment: Management said the EPS restatement was caused by a spreadsheet omission, with no impact on net income, revenue, or cash, which should limit concern about the underlying business. Article Title
  • Positive Sentiment: Multiple insider and major-shareholder purchases, including by Derek Steven Pilecki and Gator Capital Management, suggest confidence from those close to the company. Article Title
  • Neutral Sentiment: The restatement will require an amended Form 10-Q/A, and prior disclosures tied to the affected period should no longer be relied upon, which may create some short-term investor caution. Article Title

About U.S. Global Investors

(Get Free Report)

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.

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