Formidable Asset Management LLC Buys Shares of 32,264 U.S. Global Investors, Inc. (NASDAQ:GROW)

Formidable Asset Management LLC purchased a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,264 shares of the asset manager’s stock, valued at approximately $184,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its holdings in U.S. Global Investors by 189.2% in the third quarter. Advisor Group Holdings Inc. now owns 4,439 shares of the asset manager’s stock valued at $26,000 after buying an additional 2,904 shares in the last quarter. Samalin Investment Counsel LLC acquired a new position in U.S. Global Investors in the 2nd quarter valued at about $31,000. Hodges Capital Management Inc. purchased a new stake in shares of U.S. Global Investors in the 3rd quarter valued at approximately $61,000. WINTON GROUP Ltd purchased a new stake in U.S. Global Investors during the 3rd quarter worth approximately $71,000. Finally, XTX Topco Ltd purchased a new stake in U.S. Global Investors during the 2nd quarter worth approximately $73,000. 27.72% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:GROW opened at $5.79 on Friday. U.S. Global Investors, Inc. has a 1-year low of $4.13 and a 1-year high of $12.89. The firm has a fifty day moving average price of $5.26 and a 200 day moving average price of $5.76.

The business also recently declared a monthly dividend, which will be paid on Monday, March 28th. Stockholders of record on Monday, March 14th will be issued a $0.0075 dividend. The ex-dividend date is Friday, March 11th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.55%.

About U.S. Global Investors

U.S. Global Investors, Inc engages in the provision of investment advisory services. It operates through the following segments: Investment Management Services, Investment Management Services-Canada, and Corporate Investments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients.

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Institutional Ownership by Quarter for U.S. Global Investors (NASDAQ:GROW)

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