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US Global Investors Inc - GROW STOCK NEWS

Welcome to our dedicated page for US Global Investors news (Ticker: GROW), a resource for investors and traders seeking the latest updates and insights on US Global Investors stock.

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.

News

U.S. Global Investors Announces a Substantial Increase in February’s Stock Buybacks Compared to Last Year, Continuation of Monthly Dividends for Past 13 Years

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U.S. Global Investors, Inc. (NASDAQ: GROW) announces a significant increase in share repurchases, with 102,636 shares bought in February 2024 at a net cost of $281,000. The Board also raised the buyback program limit to $5 million, showing confidence in the company's future. Monthly dividends of $0.0075 per share are approved from April to June 2024, offering a 3.45% yield. The company achieved a total shareholder yield of 7.9% in 2023. Additionally, gold prices hit a new all-time high, benefiting the gold mining industry. U.S. Global Investors' smart beta thematic funds focus on gold-related investments, emphasizing a quantitative approach to screening companies.
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U.S. Global Investors Reports Strong Results for December Quarter

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U.S. Global Investors, Inc. (NASDAQ: GROW) reported a 45% increase in net income, reaching $1.2 million, or $0.09 per share, in the quarter ended December 31, 2023, compared to a net loss of $176,000 in the previous quarter. The growth in net income was due to a significant increase in net investment income, which was $1.4 million, compared to $116,000 for the same period a year earlier. Operating revenues were $2.8 million, and total assets under management (AUM) at quarter end were $2.1 billion, down from AUM of $2.4 billion a year ago. The decline in assets was driven by the U.S. Global Jets ETF (NYSE: JETS), which saw net outflows in 2023 as many foreign investors cut their exposure to ETFs due to fear of a global recession. The company continues to strengthen the economic moat around its ETF offerings, JETS and the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU), and had net working capital of approximately $38.3 million as of December 31, 2023, with approximately $27.5 million in cash and cash equivalents.
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Stonegate Capital Partners Updates Coverage on U.S. Global Investors, Inc. (GROW) Fiscal Q1 2024

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Stonegate Capital Partners updates their coverage on U.S. Global Investors, Inc., highlighting a 359% increase in 1Q24 stock repurchases compared to 1Q23, $1.8 billion in assets under management as of September 2023, and strong cash reserves of $27 million with no debt.
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U.S. Global Investors Announces Share Buyback Numbers for December 2023; Provides an Update on Competitive Year-End Performance for Quant Gold ETF

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U.S. Global Investors, Inc. (NASDAQ: GROW) announced the repurchase of 93,907 shares in December 2023 at a net cost of almost $272,000. The CEO, Frank Holmes, highlighted the undervaluation of the stock and the benefits of share buybacks. Additionally, the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) ended 2023 in the top decile among 69 Equity Precious Metals funds, showcasing strong performance relative to its peers.
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U.S. Global Investors Announces Continuation of Monthly GROW Dividends, Provides Update on Gold

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U.S. Global Investors, Inc. (NASDAQ: GROW) announces continued payment of monthly dividends and highlights positive gold performance.
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U.S. Global Investors Reports Financial Results for the First Quarter of 2024 Fiscal Year

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U.S. Global Investors, Inc. (NASDAQ: GROW) reported a net loss of $176,000, or $0.01 per share, for the quarter ended September 30, 2023. The Company's operating income was $215,000 on total revenues of $3.1 million. Average assets under management (AUM) decreased by 28% to $2.1 billion compared to the same quarter a year earlier. The decline was driven by the U.S. Global Jets ETF (NYSE: JETS) with net outflows totaling $668 million, mostly from foreign investors fearing a global recession. The Company's shareholder yield for the 12 months ended September 30, 2023, was 6.84%. During the quarter, the Company repurchased 198,213 class A shares using cash of approximately $611,000, almost five times the number of shares repurchased during the same period a year earlier. The global airline industry is experiencing a historic rebound, with record passenger numbers and strong holiday travel demand, indicating a positive outlook for 2024. Luxury stocks underwent a correction in the quarter ended September 30, 2023, due to rising interest rates and decreased consumer spending.
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U.S. Global Investors Launches Gold Royalty GOAU ETF on Peru’s Lima Stock Exchange, Provides Update on Share Buyback Program

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U.S. Global Investors, Inc. (NASDAQ: GROW) announces the listing of its U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) on Peru’s Bolsa de Valores de Lima, expanding its global footprint and providing Peruvian investors access to the fund.
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U.S. Global Investors Shares Optimism for Airline and Gold Sectors into Year-End, Receives Expected Nasdaq Notice Regarding Late Filing of Form 10-Q

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U.S. Global Investors, Inc. (GROW) shares positive outlook for airline and gold sectors as Thanksgiving travel increases. The Company is out of compliance with Nasdaq Listing Rules, delaying filing of required financial reports.
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U.S. Global Investors Announces Solid Financial Results for Fiscal Year 2023, with Net Income Per Share of $0.22, 23% Operating Margin and Increased Working Capital

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U.S. Global Investors, Inc. (NASDAQ: GROW) reports strong financial results for fiscal year 2023, with net income of $3.1 million and operating income of $3.5 million. Despite a decline in average assets under management (AAUM) by 35.6%, the company maintained a healthy operating margin of 23%. The Company's net working capital increased by over 10% from the previous year, reaching approximately $37.4 million, with $25.4 million in cash and cash equivalents and $12.9 million in securities. The 10-K filing is complete, and the Company is now focusing on the September 10-Q.
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U.S. Global Investors Announces a Significant Increase in October’s Stock Buybacks Compared to the Same Month a Year Earlier, Provides Update on Mutual Fund Monthly Income Distributions

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U.S. Global Investors, Inc. (NASDAQ: GROW) announced the repurchase of 57,631 of its own shares in October 2023, at a net cost of approximately $160,000, representing a 250% increase from the previous year. The company also disclosed that two mutual funds paid income dividends in October, with NEARX and UGSDX distributing approximately $73 and $69 monthly dividends respectively.
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FAQ

What is the current stock price of US Global Investors (GROW)?

The current stock price of US Global Investors (GROW) is $2.43 as of December 20, 2024.

What is the market cap of US Global Investors (GROW)?

The market cap of US Global Investors (GROW) is approximately 32.9M.

What is the core expertise of U.S. Global Investors, Inc.?

U.S. Global Investors specializes in gold and precious metals, natural resources, and emerging markets.

Who is the CEO of U.S. Global Investors?

Frank Holmes has been the CEO of U.S. Global Investors since 1989.

What are the main products offered by U.S. Global Investors?

The main products include the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) and the U.S. Global Jets ETF (NYSE: JETS).

Where is U.S. Global Investors headquartered?

U.S. Global Investors is headquartered in San Antonio, Texas.

What recent strategic actions has the company taken?

Recent actions include share buybacks, listing GOAU ETF in Peru, and merging its European airlines ETF into the Travel UCITS ETF.

How has the company performed financially recently?

The company reported an increase in net investment income and maintains a robust shareholder yield with strong net working capital.

What is the outlook for the company's investment products?

The company has a positive outlook for its airline and gold sectors, anticipating continued growth driven by increasing air travel and gold prices.

What is the significance of the GOAU ETF's listing on the Lima Stock Exchange?

It expands the ETF's global presence and provides Peruvian investors access to invest in gold mining and royalty companies.

What is Smart Beta 2.0?

Smart Beta 2.0 is an investment approach that combines passive indexing with active stock-picking criteria, used in U.S. Global Investors' ETFs like GOAU and JETS.

How does U.S. Global Investors return value to shareholders?

The company returns value through a combination of dividends and share repurchases, maintaining a competitive shareholder yield.

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US Global Investors Inc

Nasdaq:GROW

GROW Rankings

#5088 Ranked by Market Cap
N/A Ranked by Dividends

GROW Stock Data

32.87M
10.80M
5.63%
32.02%
0.35%
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