U.S. Global Investors Inc. operates as a registered investment advisory firm serving U.S. Global Investors Funds and U.S. Global ETFs. The company reports assets under management, advisory revenue, investment income, quarterly and annual results, webcast schedules and board-approved monthly dividends as recurring corporate updates.
Its communications also describe specialized fund strategies tied to niche markets, including gold and precious metals miners, airlines, energy producers, technology, aerospace and defense. Recurring product references include GOAU, JETS, WAR, USERX, UNWPX and the Global Resources Fund, along with the firm’s Smart Beta 2.0 investment discipline and corporate investments made for its own account.
U.S. Global Investors (GROW) has launched its first actively managed ETF, the U.S. Global Technology and Aerospace & Defense ETF (WAR), trading on the NYSE. The ETF focuses on defense and technology sectors, including semiconductors, AI, data centers, cybersecurity, aerospace, and electronic warfare. Using a smart beta 2.0 strategy, WAR combines quantitative and fundamental analysis to identify long-term opportunities while managing risk.
The launch builds on the company's success with its billion-dollar JETS ETF. The new fund aims to capitalize on growing global military expenditures, which reached $2.4 trillion in 2023, and the expanding semiconductor market, projected to exceed $1 trillion by 2030. The global AI market is estimated to reach $826 billion by 2030.
U.S. Global Investors (NASDAQ: GROW) has announced the continuation of monthly dividends of $0.0075 per share from January through March 2025. With a December 13 closing price of $2.44, this represents a 3.69% annualized yield, while the total shareholder yield was 9.34% as of September 30, 2024.
The company highlighted strong performance in airline stocks, noting United Airlines' 130% year-to-date gain through December 13. The airline industry outlook for 2025 is positive, with IATA projecting industry revenues to exceed $1 trillion and passenger numbers reaching 5.2 billion.
Additionally, gold recently reached a new all-time high above $2,800 an ounce, driven by global government debt concerns and expectations of falling interest rates.
U.S. Global Investors (NASDAQ: GROW) reported net income of $315,000 ($0.02 per share) for Q1 FY2025, compared to a net loss of $176,000 in the same quarter last year. The improvement was driven by strong consolidated other income of $995,000, primarily from realized and unrealized investment gains. However, average assets under management decreased 30% to $1.5 billion from the previous year. The company maintained its monthly dividend of $0.0075 per share and enhanced its share buyback program, purchasing 197,887 class A shares for approximately $520,000 during the quarter. The Board approved plans to buy back up to 14% of outstanding shares.
U.S. Global Investors (GROW) has announced it will host a webcast on November 8, 2024, at 7:30 a.m. Central time to discuss the company's first quarter fiscal 2025 results. The financial data will be released before the webcast. The presentation will feature CEO and CIO Frank Holmes, CFO Lisa Callicotte, and Marketing Director Holly Schoenfeldt.
U.S. Global Investors (NASDAQ: GROW) has updated its stock repurchase program, allowing for the repurchase of up to $5 million worth of common stock between September 13, 2024, and December 31, 2024. This represents 14% of the Company's market capitalization. The move, along with the ongoing monthly dividend program, aims to enhance shareholder value.
The Company will continue to pay a monthly dividend of $0.0075 per share from October through December 2024, equating to a 3.54% annualized yield based on the September 18 closing price of $2.54. For the 12 months ended June 30, 2024, the Company's shareholder yield was 9.41%.
The press release also notes gold's recent performance, reaching a new all-time high intraday price of nearly $2,590 per ounce on September 16, 2024, attributed to geopolitical tensions and anticipation of Federal Reserve interest rate cuts.
U.S. Global Investors (NASDAQ: GROW) reported $11 million in revenue for fiscal year 2024, with net income of $1.3 million, down from $3.1 million the previous year. The company's average assets under management (AUM) stood at $1.9 billion, with total AUM of $1.6 billion as of June 30, 2024. Despite challenges in the airline industry, the company remains optimistic, particularly following the reversal of the yield curve. U.S. Global Investors achieved a strong shareholder yield of 9.41%, repurchasing 767,651 shares at a cost of $2.2 million. The company maintains a healthy liquidity position with $27.4 million in cash and cash equivalents. U.S. Global Investors continues to expand globally, listing a new ETF in Colombia and merging its JETS UCITS ETF with the Travel UCITS ETF (TRIP).
U.S. Global Investors (Nasdaq: GROW) has announced a webcast scheduled for September 11, 2024, at 07:30 a.m. Central time to discuss the company's fiscal year 2024 results. The financial data for the quarter will be released before the webcast. Key participants in the webcast include CEO and Chief Investment Officer Frank Holmes, CFO Lisa Callicotte, and Director of Marketing Holly Schoenfeldt. This event provides an opportunity for investors and analysts to gain insights into the company's performance and future outlook directly from its leadership team.
U.S. Global Investors (NASDAQ: GROW) has announced the listing of its U.S. Global Jets ETF (NYSE: JETS) on the Colombian Securities Exchange. This expansion into Colombia follows previous listings in New York (2015), Peru (2020), and Mexico (2021). The move aims to capitalize on Colombia's strong post-pandemic tourism growth and the booming global travel sector.
Key points:
- JETS offers exposure to the $2 trillion tourism industry
- Colombia saw a 4% increase in international tourist arrivals between 2019-2022
- The global travel sector contributed 9% to the global economy in 2023
- JETS uses a quantitative approach for stock selection, including Latin American companies
U.S. Global Investors (NASDAQ: GROW) announces the continuation of its monthly dividends at $0.0075 per share from July to September 2024. The annualized yield is 3.46% based on the June 12, 2024 closing price of $2.60. The company has also significantly increased its share buybacks, purchasing 59,891 shares in May 2024, a 45% rise from the previous year. This move underscores the firm's commitment to shareholder value. Additionally, the surge in gold prices has boosted interest in U.S. Global Investors' gold-themed products. The International Air Transport Association (IATA) has upgraded profitability projections for airlines in 2024 to $30.5 billion, benefiting the company's airline-focused ETF. Elliot Management has also invested nearly $2 billion in Southwest Airlines, a top holding in U.S. Global Investors' ETF.
U.S. Global Investors, Inc. reported resilient results for the challenging March quarter, with operating revenues of $2.6 million. Despite a decrease in advisory fees, lower investment income, and AUM, the Company maintained a shareholder yield of 8.32%. Quarterly share repurchases increased 9.4% year-over-year. The merger of London-listed JETS with TRIP is expected to increase AUM fivefold, solidifying the Company's position in thematic investing. The surge in gold prices and central bank demand positively impact GOAU. The Company's healthy liquidity and capital resources position it well to meet obligations.