There has been some buying insider activity on U.S. Global Investors, Inc. (NASDAQ:GROW) recently. CEO Frank E. Holmes disclosed the purchase of 1,000 shares of (GROW). The shares were bought on September 19th for an average price of $1.81. Holmes now owns $422,812 of the stock according to the SEC filing. Frank E. Holmes, CEO disclosed the purchase of 1,000 shares of GROW stock. The shares were purchased at an average price of $2.25. The CEO now owns $533,471 of the stock per the Form 4 SEC filing.
Frank E. Holmes, CEO bought $2,160 worth of shares at an average price of $2.16 on Thu the 19th. That brings Holmes’s holdings to $514,292 as recorded in a recent Form 4 SEC filing.
U.S. Global Investors, Inc., launched on January 29, 1968, is an investment advisor. The Company, with principal operations located in San Antonio, Texas, manages three business segments: Investment Management Services, Investment Management Services-Canada and Corporate Investments. The Investment Management Services segment, through the United States Global Investors Funds (USGIF), offers offshore clients, and an exchange traded fund (ETF) client, a range of investment management products and services to meet the needs of individual and institutional investors. The Investment Management Services-Canada segment owns a controlling interest in Galileo Global Equity Advisors Inc. (Galileo), a Toronto-based asset management firm, which offers investment management products and services in Canada. The Corporate Investments segment invests for its own account. As part of its investment management businesses, the Company provides investment advisory services and administrative services to the mutual funds advised by the Company..
These funds have shifted positions in (GROW). Ubs Group Ag expanded its ownership by buying 937 shares an increase of 88.1%. Ubs Group Ag currently owns 2,000 shares worth $3,000. The total value of its holdings increased 50.0%. Koshinski Asset Management, Inc. grew its holdings by buying 7,650 shares an increase of 2.1% as of 09/30/2017. Koshinski Asset Management, Inc. controls 372,230 shares with a value of $792,850,000. The value of the position overall is up by 43.1%.
As of quarter end Financial & Investment Management Group Ltd had disposed of a total of 155,344 shares trimming its position 6.5%. The value of the investment in (GROW) went from $3,615,000 to $4,735,000 a change of $1,120,000 since the last quarter. Cutler Group LP augmented its investment by buying 4,800 shares an increase of 960.0% from 06/30/2017 to 09/30/2017. Cutler Group LP claims 5,300 shares valued at $3,000. The total value of its holdings increased inf%.
The company is trading down since yesterday’s close of 2.23. The company also declared a dividend payable on Monday the 27th of November 2017. The dividend payment will be $0.008 per share for the quarter or $0.03 on an annualized basis. This dividend amount will represent a yield of $1.38. The ex-dividend date is set for Friday the 13th of October 2017.
The stock is trading at $2.07 just a bit higher than $1.89, the 50 day moving average and quite a bit higher than the 200 day moving average of $1.53. The 50 day moving average was up by +9.38% whereas the 200 day moving average was up $0.54 or +35.20%.
Investors are a little more bearish on the company considering the uptick in short interest. The firm experienced a rise in short interest between September 15, 2017 and September 29, 2017 of 171.23%. Short interest grew from 8,044 to 21,818 over that period. Days to cover decreased from 0.0 to 0.0 and the short interest percentage is 0.00% as of September 29.