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About U.S. Global Investors
U.S. Global Investors (GROW) is a registered investment adviser with a storied legacy spanning over five decades. Originating as an investment club, the firm has evolved into a sophisticated global investment manager headquartered in San Antonio, Texas, and helmed by CEO Frank Holmes since 1989. The company has consistently leveraged its extensive market experience to provide innovative investment products and specialized services tailored to both individual and institutional investors.
Core Business and Investment Strategy
The firm’s primary focus is on investment management services and strategic corporate investments. Its revenue is predominantly generated through advisory fees associated with managing U.S. Global Investors Funds and a diversified suite of thematic exchange-traded funds (ETFs). A pivotal element of its strategy is the adoption of the Smart Beta 2.0 approach— an advanced methodology that blends passive investment techniques with dynamic, factor-based quantitative analysis to construct resilient and diversified portfolios.
Specialized Market Focus
U.S. Global Investors has carved out a distinguished niche by specializing in sectors that include gold and precious metals, natural resources, and emerging markets. Their innovative suite of thematic ETFs extends to industries such as global airlines, travel, technology, and aerospace-defense. This focused expertise enables the firm to capture and exploit unique market trends using both quantitative metrics and thorough fundamental analysis.
Global Presence and Industry Position
Operating in a complex global market, the company has adeptly navigated economic cycles and sector-specific challenges by emphasizing rigorous research, transparent governance, and a disciplined investment methodology. Its global presence is underscored by a series of pioneering thematic investment products that offer exposure to high-conviction sectors, thereby setting the firm apart in a competitive advisory landscape.
Commitment to Transparency and Shareholder Value
The firm maintains a steadfast commitment to transparency and robust corporate governance. U.S. Global Investors consistently demonstrates its focus on enhancing shareholder value through meticulously structured dividend policies and strategic share repurchase programs. This commitment, combined with its long-term disciplined investment approach, reinforces its trustworthiness and reliability among investors.
Expertise, Experience, and Trustworthiness
With over 50 years of market experience, U.S. Global Investors is recognized for its deep expertise and innovative investment strategies. The integration of its Smart Beta 2.0 framework allows the firm to adeptly balance risk and reward, ensuring that its investment products remain resilient in volatile markets. This blend of accumulated experience, strategic market focus, and rigorous analytical foundations forms the bedrock of its reputation as a trusted global investment adviser.
U.S. Global Investors (NASDAQ: GROW) has announced the continuation of its monthly dividend program, maintaining payments of $0.0075 per share from April through June 2025. The dividend represents a 3.91% annualized yield based on the March 11 closing price of $2.30. Record dates are set for April 14, May 12, and June 16, with corresponding payment dates on April 28, May 27, and June 30.
The company reported a strong 10% shareholder yield as of December 31, 2024, reflecting their commitment to shareholder value through dividends and share repurchases. The announcement comes amid a robust gold market, with prices exceeding $3,000 per ounce for the first time. The NYSE Arca Gold Miners Index has shown impressive performance, returning 22.6% year-to-date, outperforming both physical gold (10.8% gain) and the S&P 500 (1.7% decline).
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.