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U.S. Global Investors, Inc. - GROW STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect U.S. Global Investors's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of U.S. Global Investors's position in the market.

News
U.S. Global Investors Announces Merger of Europe-Domiciled Airlines ETF into the Travel UCITS ETF (TRIP), Expanding and Diversifying Investment Opportunities in Global Travel Industry
Rhea-AI Summary
U.S. Global Investors announces the merger of its Europe-domiciled airlines ETF into the Travel UCITS ETF, expanding investment opportunities in the global travel industry. The Company acquired TRIP from HANetf, effective April 19, 2024.
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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
Rhea-AI Summary
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
Rhea-AI Summary
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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0.36%
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Stonegate Capital Partners Updates Coverage on U.S. Global Investors, Inc. (GROW) Fiscal Q1 2024
Rhea-AI Summary
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
Rhea-AI Summary
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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0.72%
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buyback
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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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dividends
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U.S. Global Investors Reports Financial Results for the First Quarter of 2024 Fiscal Year
Rhea-AI Summary
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.
Rhea-AI Impact
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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.
Rhea-AI Impact
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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
Rhea-AI Summary
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
Rhea-AI Summary
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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Rhea-AI Sentiment
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1.09%
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earnings
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U.S. Global Investors, Inc.

Nasdaq:GROW

GROW Rankings

#4866 Ranked by Market Cap
#2371 Ranked by Stock Gains
N/A Ranked by Dividends

GROW Stock Data

45.51M
11.41M
5.37%
30.91%
0.05%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
San Antonio

About GROW

u.s. global investors, inc. is an innovative investment manager with vast experience in global markets and specialized sectors. founded as an investment club, the company became a registered investment adviser in 1968 and has a longstanding history of global investing and launching first-of-their kind investment products. u.s. global investors is well known for expertise in gold and precious metals, natural resources and emerging markets. since 1989, u.s. global investors has been led by ceo frank holmes, who purchased a controlling interest in the company that same year. u.s. global investors is a publicly traded company (nasdaq symbol: grow) headquartered in san antonio, texas.