Welcome to our dedicated page for US Global Investors news (Ticker: GROW), a resource for investors and traders seeking the latest updates and insights on US Global Investors stock.
U.S. Global Investors, Inc. (NASDAQ: GROW) is an innovative investment manager with a deep-seated history in global markets and specialized sectors. Founded in 1968 as an investment club, it transformed into a registered investment adviser and has since pioneered first-of-their-kind investment products. Headquartered in San Antonio, Texas, U.S. Global Investors is publicly traded on NASDAQ.
The company’s core expertise lies in gold and precious metals, natural resources, and emerging markets. Led by CEO Frank Holmes since 1989, the firm offers investment advisory services to its own funds and ETFs. Notably, it manages the U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU) and U.S. Global Jets ETF (NYSE: JETS), which are prominent products in their respective markets.
In recent developments, U.S. Global Investors announced a positive outlook for airlines and gold sectors as of the end of 2023, reflecting rising air travel during the Thanksgiving period and a strong uptick in gold prices due to economic uncertainties. The U.S. Global Jets ETF saw a notable increase in net inflows, while the gold market responded well to geopolitical tension and monetary policies.
Financial Condition: As of the latest quarterly report, the company had a net working capital of approximately $38.6 million and total assets of $54.1 million. The company derives all its revenue from investment management services, and its latest earnings report highlighted a significant increase in net investment income.
Recent corporate actions include the company's strategic share buyback program, under which it repurchased a considerable number of its own shares, reflecting a commitment to returning value to shareholders. Moreover, the company has a history of maintaining a robust shareholder yield, combining dividends and share repurchases.
U.S. Global Investors also expanded its product reach by listing the GOAU ETF on Peru’s Bolsa de Valores de Lima, enhancing its global footprint. Another notable achievement was the merger of its Europe-domiciled airlines ETF into the Travel UCITS ETF (TRIP), broadening its investment scope to include the cruise industry, which has shown strong post-pandemic recovery.
With a diversified portfolio, a history of innovative product launches, and a solid financial footing, U.S. Global Investors continues to leverage its expertise to navigate and capitalize on market opportunities.
U.S. Global Investors, Inc. (GROW) has announced the continuation of its monthly dividend payments, maintaining a rate of $0.0050 per share from April through June 2021. This follows a recent 100% increase in the dividend amount, effective February 2021, which raised the monthly payout from $0.0025 per share. The annualized yield at the March 17, 2021 closing price of $7.90 stands at 0.76%. Future dividends will be assessed by the board based on the company's financial performance and other critical factors.
U.S. Global Investors (GROW) announced that its U.S. Global Jets ETF (JETS) has surpassed $4 billion in assets under management (AUM), marking a 2,600% increase year-over-year. JETS also reached a 52-week high of $28.59, up 140% from its pandemic low. Increased trading volume was noted, with average daily trades rising to approximately 6.7 million. Airport screenings indicate a recovery in flight demand, with nearly 1.4 million passengers screened on March 12, 2021. The U.S. vaccination campaign supports continued recovery in air travel and tourism.
U.S. Global Investors (NASDAQ: GROW) announced a 100% increase in its monthly dividend, raising it from $0.0025 to $0.0050 per share. Shareholders will receive an additional payment of $0.0025 on February 26, alongside the previously approved payment of $0.0025 on February 22. For March, the dividend will be paid at the higher rate of $0.005 on March 29. CEO Frank Holmes highlighted this increase as a reflection of the board's confidence in the company's growth in revenues and cash flow.
U.S. Global Investors (NASDAQ: GROW) reported robust financial results for Q2 FY2021, highlighting a remarkable 60% quarter-over-quarter and 480% year-over-year increase in operating revenues. Net income surged to $16.7 million ($1.10 per share), marking a $17.7 million improvement YoY. The company saw significant growth in assets under management (AUM), totaling $3.5 billion, a 530% increase YoY. A monthly dividend increase to $0.005 per share was announced, with expected cash dividends totaling approximately $188,000 for January to March 2021.
U.S. Global Investors, Inc. (GROW) will host a webcast on February 5, 2021, at 7:30 a.m. Central time to discuss its second-quarter 2021 results. Financial data will be released before the event. CEO Frank Holmes will address the company’s profitability and investment product performance, while CFO Lisa Callicotte will highlight financial achievements for the quarter ended December 31, 2020. Marketing manager Holly Schoenfeldt will outline the company's marketing strategy. Investors can register for the webcast via the provided link.
U.S. Global Investors, Inc. (NASDAQ: GROW) announces the merger of its All American Equity Fund with the Global Luxury Goods Fund (USLUX), approved by shareholders. This merger is set for reorganization on December 22, 2020. Notably, USLUX, focused on the global luxury industry, has outperformed expectations since its launch on July 1, 2020, achieving a 29.49% increase compared to the S&P 1500 Composite Index's 18.82% rise. Key holdings include Tesla, Apple, and LVMH, reflecting strong performance in a challenging economic environment amidst the pandemic.
U.S. Global Investors, Inc. (GROW) announces the continuation of its monthly dividend of $0.0025 per share for the first quarter of 2021, reaffirming its commitment to returning value to shareholders. The dividend will be paid in January, February, and March, with record dates set for January 11, February 8, and March 15, along with payment dates of January 25, February 22, and March 29. With a closing price of $4.05 on December 2, 2020, the annualized yield is approximately 0.74%. Additionally, the firm is set to repurchase up to $2.75 million of its common stock throughout 2021.
U.S. Global Investors (GROW) reported strong financial results for the quarter ended September 30, 2020. Total operating revenues reached $3.2 million, a 73% increase from the prior quarter and a 300% rise year-over-year. The company achieved a net income of $1.9 million, equating to $0.13 per share, marking its best performance since 2011. Average assets under management (AUM) rose to $2.0 billion, a 61% quarterly increase and nearly 290% yearly. The U.S. Global Jets ETF (JETS) also exceeded 100 million shares outstanding, reflecting investor confidence.
U.S. Global Investors, Inc. (GROW) will conduct a webcast on November 6, 2020, at 7:30 a.m. Central Time to discuss its first-quarter 2021 financial results. Financial data will be released ahead of the webcast, where CEO Frank Holmes will share insights on the company's profitability and the strong performance of investment products. CFO Lisa Callicotte will present key financial highlights for the quarter ending September 30, 2020, and Marketing Manager Holly Schoenfeldt will outline the company's media strategy.
U.S. Global Investors (NASDAQ: GROW) announced the continuation of its monthly dividend of $0.0025 per share for Q2 2021, a practice ongoing since June 2007. As of June 30, 2020, the company’s assets under management (AUM) surged to $1.7 billion, now exceeding $2.2 billion, largely driven by the U.S. Global Jets ETF. Operating margins expanded to 30% due to reduced marketing costs relative to revenue. The firm also tracks air travel data, indicating recovery in the airline sector, which may positively influence JETS ETF performance.
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