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.
U.S. Global Investors (NASDAQ: GROW) reported strong financial results for the quarter ending December 31, 2021. Operating revenues rose to $6.6 million, marking a 39% increase year-over-year. Net income surged 50% quarter-over-quarter to $3.6 million, equating to $0.24 per share. Average assets under management (AUM) also increased by 40% YOY to $4.1 billion. The firm announced a monthly dividend of $0.0075 per share through March 2022, alongside its share repurchase program. The recent launch of the U.S. Global Sea to Sky Cargo ETF (SEA) expands its ETF offerings.
U.S. Global Investors, trading under the ticker GROW, announced the launch of its third exchange-traded fund, the U.S. Global Sea to Sky Cargo ETF, which began trading on January 20, 2022. This ETF utilizes a smart-beta 2.0 strategy, focusing 70% on cargo shipping and 30% on air freight. The CEO, Frank Holmes, highlighted the shipping sector's attractiveness, citing record profits of $150 billion in 2021 for global cargo carriers. Additionally, the company amended its Form 10-Q for the quarter ended September 30, 2021, to include previously omitted advisory fees without altering key financial metrics.
U.S. Global Investors (GROW) announced the launch of its new U.S. Global Sea to Sky Cargo ETF (SEA), set to begin trading on the NYSE on January 20, 2022. This ETF seeks to provide access to the global sea shipping and air freight industries, with a focus on efficient companies. Container shipping represents 70% of SEA's holdings, with air freight comprising 30%. CEO Frank Holmes emphasized favorable pricing power in the shipping sector and anticipated sustained demand driven by a growing global middle class, projecting a significant increase in trade.
U.S. Global Investors (GROW) reported record financial results for the fiscal quarter ending September 30, 2021, with operating revenues of $6.5 million, up over 100% YoY, and net income of $2.4 million, a 23% increase. Average assets under management reached $4.0 billion, doubling from the previous year. The company is set to launch the U.S. Global Sea-to-Sky Cargo ETF (SEA) and remains optimistic about the airline sector recovery. Despite challenges in attracting new fund flows into GOAU, gold mining remains a strong focus. The company continues a share repurchase program and offers a monthly dividend.
U.S. Global Investors, Inc. (GROW) announced the continuation of its monthly dividends, with a December payment of $0.0075 per share, authorized through March 2022. The dividend yield stands at 2.11% based on the December 20 closing price of $4.26. The record date for the dividend is December 13 and the payment date is December 27. Over the past 12 years, the company has maintained its monthly dividend, increasing it twice in the past year. Future dividends will be reviewed by the Board, depending on financial performance and other conditions.
U.S. Global Investors, Inc. announced that six mutual funds will distribute 2021 income dividends and capital gains. The record date is December 22, 2021, with the ex-dividend date on December 23, and payments to be made on December 27. Notably, dividends and capital gains will reduce each fund's net asset value (NAV). Shareholders can opt for automatic reinvestment, receiving distributions as additional shares based on December 23 closing prices, or by check. Detailed distributions include amounts for various funds, highlighting specifics for the China Region, Emerging Europe, and Global Resources Funds.
U.S. Global Investors (GROW) reported a strong fiscal year ending June 30, 2021, with total operating revenues of $21.7 million, up over 380% YoY. Net income reached $32.0 million, or $2.12 per share, compared to a net loss of $4.7 million the previous year. Average assets under management skyrocketed to $3.4 billion, a 380% increase. The company also launched products in international markets and maintained a solid liquidity position with $21.6 million in net working capital. Notably, their JETS ETF attracted significant capital inflows, while their GOAU ETF faced challenges.
U.S. Global Investors, Inc. (NASDAQ: GROW) announced its continuation of monthly dividends, maintaining a payment of $0.0075 per share authorized in September 2021. The November record date was November 15, with payment on November 29. This dividend reflects a 1.57% annual yield based on a closing price of $5.72. The company also has an ongoing stock repurchase program allowing up to $2.75 million in buybacks through December 31, 2021. Dividend payment decisions depend on various factors including financial performance and market conditions.
U.S. Global Investors (GROW) announced the filing of restated consolidated financial statements for the three and nine months ending March 31, 2021, reflecting non-cash adjustments. The adjustments resulted in a net income decrease of $5.6 million and an asset increase of approximately $5.8 million. Additionally, GROW received a notice from Nasdaq for non-compliance with filing rules, having not submitted its Form 10-K for June 30, 2021. The company has until December 17, 2021, to submit a compliance plan.
U.S. Global Investors (GROW) has acquired 1 million shares of Network Entertainment to enhance its position in the burgeoning NFT market. This investment aims to leverage Network's intellectual property, which includes popular documentaries, for NFT creation and distribution. U.S. Global emphasizes the growth potential in NFTs, which saw sales reach $10.7 billion in Q3 2021, significantly up from $28 million the previous year. The firm is optimistic about future demand for NFTs and their connection to Ether, the cryptocurrency utilized in most NFT transactions.
