U.S. Global Investors (NASDAQ:GROW) Insider Buys $60,970.50 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) insider Derek Steven Pilecki acquired 23,910 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $2.55 per share, for a total transaction of $60,970.50. Following the acquisition, the insider owned 1,099,391 shares in the company, valued at $2,803,447.05. The trade was a 2.22% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Derek Steven Pilecki also recently made the following trade(s):

• On Thursday, May 28th, Derek Steven Pilecki acquired 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 Wednesday, May 13th, Derek Steven Pilecki acquired 3,601 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.55 per share, for a total transaction of $9,182.55.
• On Tuesday, May 12th, Derek Steven Pilecki acquired 404 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.55 per share, for a total transaction of $1,030.20.
• On Monday, May 11th, Derek Steven Pilecki acquired 5,354 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.62 per share, for a total transaction of $14,027.48.
• On Friday, May 8th, Derek Steven Pilecki acquired 208 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.62 per share, for a total transaction of $544.96.
• On Thursday, May 7th, Derek Steven Pilecki acquired 2,976 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.62 per share, for a total transaction of $7,797.12.
• On Wednesday, May 6th, Derek Steven Pilecki acquired 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, Derek Steven Pilecki acquired 205 shares of U.S. Global Investors stock. The shares were bought at an average cost of $2.63 per share, for a total transaction of $539.15.

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW traded up $0.01 during mid-day trading on Tuesday, reaching $2.60. 50,621 shares of the company traded hands, compared to its average volume of 19,074. The stock has a market cap of $32.24 million, a PE ratio of 10.00 and a beta of 0.70. The company’s fifty day moving average is $2.64 and its two-hundred day moving average is $2.73. 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) last issued its quarterly earnings data on Wednesday, May 13th. The asset manager reported $0.23 EPS for the quarter. The business 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%.

Trending Headlines about 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

Institutional Trading of U.S. Global Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in U.S. Global Investors by 12.3% in the 1st quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after buying an additional 21,100 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 buying an additional 5,056 shares during the last quarter. North Star Investment Management Corp. grew its holdings in U.S. Global Investors by 3,590.9% in 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 buying an additional 395,000 shares during the last quarter. Sandia Investment Management LP acquired a new stake in U.S. Global Investors in the 4th quarter valued at approximately $106,000. Finally, Rothschild Wealth LLC acquired a new stake in U.S. Global Investors in the 4th quarter valued at approximately $1,260,000. 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.