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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 (NASDAQ: GROW) has expanded its annual buyback program from $2.75 million to $5 million, repurchasing 13,255 shares in June 2022 at a cost of approximately $59,000. This is a notable increase from last year's 3,319 shares. For Q2 2022, total buybacks reached 45,696 shares for $219,000, compared to 17,155 shares for $125,000 in Q2 2021. The monthly dividend remains at $0.0075, yielding 2.04% annually as of June 30, 2022, with payments set for July, August, and September. The company is also building cash reserves in anticipation of a recession.
Echo Lake Capital and Deerhaven Capital have proposed to acquire all outstanding class A shares of U.S. Global Investors (GROW) at a price of $5.30 per share, representing a 20% premium over the closing price on June 24, 2022. This proposal aims to provide immediate value to shareholders amidst challenges faced by the micro-cap company, such as limited analyst coverage and trading volume. The deal includes cash and newly issued preferred stock, contingent on specific financial conditions. A response is requested by July 8, 2022.
U.S. Global Investors, Inc. (GROW) held its annual shareholder meeting on June 15, 2022, in San Antonio, TX, where the company's strong performance was highlighted. CEO Frank Holmes reported that GROW has outperformed the Dow Jones U.S. Small Cap Asset Managers Index both year-to-date and over five years. The company increased its share repurchase program by 82% to $5 million, buying back over 32,000 shares in April and May 2022. Additionally, GROW maintains a monthly dividend of $0.0075, yielding 1.96% annually.
U.S. Global Investors, Inc. (GROW) announced its continued monthly dividend payment of $0.0075 for May 2022, authorized through June. The record date was May 9, with a payment date set for May 23. This dividend represents a 1.87% annualized yield based on the closing price of $4.81 on May 18. The Company has a history of over 12 years of consistent monthly dividends. Future dividend payments will be reviewed by the Board, subject to the Company’s financial performance and market conditions.
U.S. Global Investors (NASDAQ: GROW) reported a net loss of $846,000, or $0.06 per share, for Q1 2022, impacted by $4.5 million in unrealized losses on investments. Operating income decreased 14% to $2.5 million, with revenues of $6.2 million, down 2.8% year-over-year due to fluctuating performance fees. Average assets under management rose to $4.1 billion, maintaining previous quarter levels. The company launched the U.S. Global Sea to Sky Cargo ETF, which has outperformed the market. Cash and equivalents increased by 85.4% to $26.8 million, supporting growth strategies.
U.S. Global Investors (GROW) announced that its U.S. Global Jets ETF (JETS) is now available on Ameriprise Financial, reaching over 10,000 advisors managing $1.2 trillion. This comes as JETS holds $3.4 billion in assets. CEO Frank Holmes noted that demand for air travel is rebounding as mask mandates are lifted, potentially leading to profitability for airlines in 2022. Notably, United Airlines anticipates record sales in Q2 2022. A webcast to discuss financial results is scheduled for May 10, 2022.
U.S. Global Investors (GROW) announced the continuation of its monthly dividend of $0.0075 through June 2022, reflecting a yield of 1.69% based on its April 22 close of $5.32. The company has maintained monthly dividends for over 12 years and has increased them twice in the past year. Additionally, GROW's share buyback program was expanded to $5 million, nearly doubling the shares repurchased compared to the previous quarter. Assets under management rose nearly 10% to $4.16 billion since the year began, while GROW stock outperformed market indices, rising over 18% in Q1 2022.
U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend of $0.0075 per share, effective from April through June 2022. The board of directors has set record dates for the dividend on April 11, May 9, and June 13, with payment dates on April 25, May 23, and June 27. As of March 16, 2022, the closing price of $4.88 translates to a yield of 1.84% on an annualized basis. The company's strategic stock buyback program has also been increased to $84,180, utilizing an algorithm to repurchase shares on down days.
On February 25, 2022, U.S. Global Investors announced an increase of 82% in its annual share buyback program limit, raising it from $2.75 million to $5 million. This strategic move is aimed at reinforcing the Company’s financial strategy and reflects confidence from the Board of Directors, citing the company’s undervaluation compared to peers. The decision follows two previous increases in the monthly dividend, now 50% higher than last year. The Company remains debt-free, allowing for further capital allocation towards new product launches.
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.