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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, which manages the U.S. Global Jets ETF (GROW), announced that the ETF is now available for trading through Bank of America-Merrill. Launched in April 2015, JETS focuses on the global aviation sector, investing in airlines, airports, and travel-related companies. The ETF has shown strong performance, outperforming the NYSE Arca Global Airline Index and the S&P 500 over a six-month period ending February 2023. The International Civil Aviation Organization forecasts that air passenger demand will return to pre-pandemic levels by Q1 2023, boosting optimism for JETS' future performance.
U.S. Global Investors, Inc. (NASDAQ: GROW) announced the continuation of monthly dividends for the fourth fiscal quarter of 2023, with a dividend of $0.0075 per share starting in April 2023 through June 2023. The record dates are set for April 10, May 8, and June 12, while payment dates will be April 24, May 22, and June 26. This marks over 13 years of monthly dividend payments. The Board will evaluate future dividends based on financial performance, earnings, and business conditions. CEO Frank Holmes highlighted the benefits of their mutual funds, particularly in light of potential tax increases on high earners.
U.S. Global Investors (GROW) announced the repurchase of 34,502 shares in February 2023 for approximately $108,000, aimed at creating shareholder value through a modified buyback strategy. The Board clarified that repurchases can occur even if stock prices decline. Additionally, the company plans to make non-cash restatements for fiscal years ending June 30, 2022, and September 30, 2022, due to errors in the valuation of complex investment securities, which will affect the unrealized investment income and equity. CEO Frank Holmes assured that these adjustments won't impact operational revenue or cash flow.
U.S. Global Investors, Inc. (GROW) announced it received a notification from Nasdaq regarding non-compliance with Listing Rule 5250(c)(1) due to late filing of financial reports. The notification, dated February 16, 2023, does not result in immediate consequences for the company's common stock on the Nasdaq Capital Market. U.S. Global Investors has until April 17, 2023, to submit a compliance plan to regain adherence to Nasdaq rules. If accepted, the company may receive a 180-day extension, with a final compliance deadline set for August 14, 2023. The firm is working to file its Form 10-Q promptly.
U.S. Global Investors, Inc. (GROW) announced a record buyback of 75,612 shares in January 2023, a 64% increase from December and a significant year-over-year rise. The repurchase cost approximately $230,000, marking a new monthly record for the company since its buyback program started in 2013. This uptick follows a decision by the Board to modify the buyback strategy, allowing purchases when stock prices are flat or down. Additionally, the company will maintain its monthly dividend of $0.0075 per share for Q1 2023, translating to an annualized yield of 2.88% based on the February 8 closing price of $3.12.
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