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US Global Invstr - GROW STOCK NEWS

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

U.S. Global Investors (GROW) is a specialized investment adviser with five decades of experience in global markets and thematic ETFs. This news hub provides investors with essential updates on the company's strategic initiatives, market positions, and financial developments.

Discover timely information about earnings announcements, fund performance updates, and leadership insights. Track GROW's activity in gold markets, emerging economies, and innovative sectors like travel technology through verified press releases and analysis.

Our curated collection features updates on corporate governance decisions, dividend declarations, and the implementation of Smart Beta 2.0 strategies across portfolios. Stay informed about regulatory filings and sector-specific developments affecting GROW's niche investment products.

Bookmark this page for direct access to primary source materials and distilled market intelligence. Check regularly for new insights into how U.S. Global Investors navigates precious metals volatility, airline industry trends, and emerging resource opportunities.

News

U.S. Global Investors Announces Continuation of Monthly GROW Dividends, Provides Update on Gold

Rhea-AI Summary
U.S. Global Investors, Inc. (NASDAQ: GROW) announces continued payment of monthly dividends and highlights positive gold performance.
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2.21%
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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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-2.45%
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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

Rhea-AI Summary
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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-2.98%
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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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1.09%
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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

Rhea-AI Summary
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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-4.17%
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U.S. Global Investors Launches Gold Royalty GOAU ETF on Mexican Stock Exchange, Expanding Global Footprint in Latin America

Rhea-AI Summary
U.S. Global Investors, Inc. announces that its gold mining and royalty ETF, GOAU, is now listed on the Mexican Stock Exchange. This expands GOAU's global footprint and allows investors in Mexico to access the fund. The BMV is the second largest stock exchange in Latin America with a market capitalization of over $530 billion.
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U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing of Form 10-K

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U.S. Global Investors, Inc. receives Nasdaq notice for failure to file Form 10-K on time
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-2.2%
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U.S. Global Investors Provides Updates to Monthly GROW Dividends and Share Repurchase Program

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U.S. Global Investors, Inc. to continue monthly dividends and repurchase shares
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-2.76%
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U.S. Global Investors Ramps Up Share Repurchases Amid Promising Domestic Airline Earnings; Continues Monthly Dividends

Rhea-AI Summary
U.S. Global Investors, Inc. (NASDAQ: GROW) announces repurchase of 61,989 shares in July 2023, at a net cost of over $196,000, representing a significant increase from previous months. The Board approves continuation of monthly dividends. Domestic airlines, including American, Delta, and United, report record revenues for the second quarter.
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-1.62%
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US Global Invstr

Nasdaq:GROW

GROW Rankings

#2807 Ranked by Market Cap
N/A Ranked by Dividends

GROW Stock Data

28.44M
10.62M
5.83%
31.57%
0.35%
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