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U.S. Global Investors, Inc. (NASDAQ: GROW) is an innovative investment manager with a deep-seated history in global markets and specialized sectors. Founded in 1968 as an investment club, it transformed into a registered investment adviser and has since pioneered first-of-their-kind investment products. Headquartered in San Antonio, Texas, U.S. Global Investors is publicly traded on NASDAQ.
The company’s core expertise lies in gold and precious metals, natural resources, and emerging markets. Led by CEO Frank Holmes since 1989, the firm offers investment advisory services to its own funds and ETFs. Notably, it manages the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) and U.S. Global Jets ETF (NYSE: JETS), which are prominent products in their respective markets.
In recent developments, U.S. Global Investors announced a positive outlook for airlines and gold sectors as of the end of 2023, reflecting rising air travel during the Thanksgiving period and a strong uptick in gold prices due to economic uncertainties. The U.S. Global Jets ETF saw a notable increase in net inflows, while the gold market responded well to geopolitical tension and monetary policies.
Financial Condition: As of the latest quarterly report, the company had a net working capital of approximately $38.6 million and total assets of $54.1 million. The company derives all its revenue from investment management services, and its latest earnings report highlighted a significant increase in net investment income.
Recent corporate actions include the company's strategic share buyback program, under which it repurchased a considerable number of its own shares, reflecting a commitment to returning value to shareholders. Moreover, the company has a history of maintaining a robust shareholder yield, combining dividends and share repurchases.
U.S. Global Investors also expanded its product reach by listing the GOAU ETF on Peru’s Bolsa de Valores de Lima, enhancing its global footprint. Another notable achievement was the merger of its Europe-domiciled airlines ETF into the Travel UCITS ETF (TRIP), broadening its investment scope to include the cruise industry, which has shown strong post-pandemic recovery.
With a diversified portfolio, a history of innovative product launches, and a solid financial footing, U.S. Global Investors continues to leverage its expertise to navigate and capitalize on market opportunities.
U.S. Global Investors (NASDAQ: GROW) reported Q2 FY2025 results with operating revenues of $2.2 million and a net loss of $86,000 ($0.01 per share) for the quarter ended December 31, 2024. Total assets under management (AUM) decreased to $1.5 billion from $2.1 billion year-over-year. The company launched its fourth thematic ETF, the U.S. Global Technology and Aerospace & Defense ETF (NYSE: WAR), its first actively managed ETF.
The company maintained its monthly dividend of $0.0075 per share through March 2025 and repurchased 807,761 shares at a net cost of $2.1 million in 2024, a 19% increase from the previous year. The shareholder yield was 10% as of December 31, 2024. The company reported net working capital of $38.0 million and $26.0 million in cash and cash equivalents.
U.S. Global Investors (GROW) has announced it will host a webcast on Thursday, February 13, at 7:30 a.m. Central time to discuss the company's second quarter fiscal 2025 results. The financial data will be released before the webcast. The presentation will feature CEO and CIO Frank Holmes, CFO Lisa Callicotte, and Marketing Director Holly Schoenfeldt.
U.S. Global Investors (NASDAQ: GROW) has appointed Bobby Duncan to its Board of Directors. Duncan brings significant experience to the role, having previously served in various leadership positions at U.S. Global Investors from 1985 to 2002, including CFO, COO, CEO, and Director roles.
Duncan's expertise spans marketing, finance, education, and advisory services, with extensive knowledge of securities regulations and 40-Act investment products. His international business experience covers markets across Europe, Asia, Africa, and North Americas. He has also held advisory positions with Anthony Robbins Companies and academic roles at Sul Ross State University and Texas A&M University.
The appointment aims to strengthen the company's strategic direction in expanding its ETF offerings and driving shareholder value through innovative investment products.
U.S. Global Investors reported positive performance across its ETF portfolio for 2024. The U.S. Global Jets ETF (JETS) led with +33.21% returns, followed by the GO GOLD and Precious Metal Miners ETF (GOAU) at +13.80%, and the Sea to Sky Cargo ETF (SEA) at +2.23% including a $2.10 per-share dividend.
JETS' strong performance was driven by record-high travel demand, with TSA screening over 900 million passengers, a 5% increase from 2023. GOAU benefited from gold prices reaching an all-time high of $2,787 per ounce, with total gold demand exceeding $100 billion in Q3. Central banks added 186 metric tons of gold in Q3. The SEA ETF showed resilience despite industry challenges including geopolitical instability and labor disputes.
The company also launched its first actively managed ETF, the U.S. Global Technology and Aerospace & Defense ETF (WAR), on December 30, 2024.
U.S. Global Investors (GROW) has launched its first actively managed ETF, the U.S. Global Technology and Aerospace & Defense ETF (WAR), trading on the NYSE. The ETF focuses on defense and technology sectors, including semiconductors, AI, data centers, cybersecurity, aerospace, and electronic warfare. Using a smart beta 2.0 strategy, WAR combines quantitative and fundamental analysis to identify long-term opportunities while managing risk.
The launch builds on the company's success with its billion-dollar JETS ETF. The new fund aims to capitalize on growing global military expenditures, which reached $2.4 trillion in 2023, and the expanding semiconductor market, projected to exceed $1 trillion by 2030. The global AI market is estimated to reach $826 billion by 2030.
U.S. Global Investors (NASDAQ: GROW) has announced the continuation of monthly dividends of $0.0075 per share from January through March 2025. With a December 13 closing price of $2.44, this represents a 3.69% annualized yield, while the total shareholder yield was 9.34% as of September 30, 2024.
The company highlighted strong performance in airline stocks, noting United Airlines' 130% year-to-date gain through December 13. The airline industry outlook for 2025 is positive, with IATA projecting industry revenues to exceed $1 trillion and passenger numbers reaching 5.2 billion.
Additionally, gold recently reached a new all-time high above $2,800 an ounce, driven by global government debt concerns and expectations of falling interest rates.
U.S. Global Investors (NASDAQ: GROW) reported net income of $315,000 ($0.02 per share) for Q1 FY2025, compared to a net loss of $176,000 in the same quarter last year. The improvement was driven by strong consolidated other income of $995,000, primarily from realized and unrealized investment gains. However, average assets under management decreased 30% to $1.5 billion from the previous year. The company maintained its monthly dividend of $0.0075 per share and enhanced its share buyback program, purchasing 197,887 class A shares for approximately $520,000 during the quarter. The Board approved plans to buy back up to 14% of outstanding shares.
U.S. Global Investors (GROW) has announced it will host a webcast on November 8, 2024, at 7:30 a.m. Central time to discuss the company's first quarter fiscal 2025 results. The financial data will be released before the webcast. The presentation will feature CEO and CIO Frank Holmes, CFO Lisa Callicotte, and Marketing Director Holly Schoenfeldt.
U.S. Global Investors (NASDAQ: GROW) has updated its stock repurchase program, allowing for the repurchase of up to $5 million worth of common stock between September 13, 2024, and December 31, 2024. This represents 14% of the Company's market capitalization. The move, along with the ongoing monthly dividend program, aims to enhance shareholder value.
The Company will continue to pay a monthly dividend of $0.0075 per share from October through December 2024, equating to a 3.54% annualized yield based on the September 18 closing price of $2.54. For the 12 months ended June 30, 2024, the Company's shareholder yield was 9.41%.
The press release also notes gold's recent performance, reaching a new all-time high intraday price of nearly $2,590 per ounce on September 16, 2024, attributed to geopolitical tensions and anticipation of Federal Reserve interest rate cuts.
U.S. Global Investors (NASDAQ: GROW) reported $11 million in revenue for fiscal year 2024, with net income of $1.3 million, down from $3.1 million the previous year. The company's average assets under management (AUM) stood at $1.9 billion, with total AUM of $1.6 billion as of June 30, 2024. Despite challenges in the airline industry, the company remains optimistic, particularly following the reversal of the yield curve. U.S. Global Investors achieved a strong shareholder yield of 9.41%, repurchasing 767,651 shares at a cost of $2.2 million. The company maintains a healthy liquidity position with $27.4 million in cash and cash equivalents. U.S. Global Investors continues to expand globally, listing a new ETF in Colombia and merging its JETS UCITS ETF with the Travel UCITS ETF (TRIP).
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