November 17, 2016 - By Ellis Scott · 0 Comments
U S Global Investors Inc (NASDAQ:GROW) institutional sentiment decreased to 0.64 in Q2 2016. Its down -0.18, from 0.82 in 2016Q1. The ratio fall, as 7 institutional investors increased and opened new equity positions, while 11 trimmed and sold equity positions in U S Global Investors Inc. The institutional investors in our partner’s database now own: 5.79 million shares, down from 6.26 million shares in 2016Q1. Also, the number of institutional investors holding U S Global Investors Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 7 Increased: 3 New Position: 4.
U.S. Global Investors, Inc. is an investment advisor. The company has a market cap of $24.27 million. The Company, with principal activities located in San Antonio, Texas, manages three business divisions. It currently has negative earnings. The Investment Management Services segment, through the United States Global Investors Funds , offers offshore clients, and an exchange traded fund (ETF) client, a range of investment management services and products to meet the needs of individual and institutional investors.
The stock decreased 2.73% or $0.05 on November 16, hitting $1.62. U.S. Global Investors, Inc. (NASDAQ:GROW) has risen 4.52% since April 15, 2016 and is uptrending. It has underperformed by 0.11% the S&P500.
According to Zacks Investment Research, “US GLOBAL INVESTMENTS and its wholly owned subsidiaries are in the mutual fundmanagement business. As part of the mutual fund management business, they provide: (1) investment advisory services through them or their subsidiaries to institutions (namely, mutual funds) and other persons; (2)transfer agency and record keeping services; (3) mailing services; (4)custodial and administrative services, through its wholly owned trust company and administrator for IRAs and other types of retirement plans; and (5)distribution services.”
Financial & Investment Management Group Ltd holds 1.32% of its portfolio in U.S. Global Investors, Inc. for 2.55 million shares. Aegis Financial Corp owns 184,255 shares or 0.31% of their US portfolio. Moreover, Raffles Associates Lp has 0.04% invested in the company for 25,001 shares. The New York-based Arbiter Partners Capital Management Llc has invested 0.01% in the stock. Highlander Capital Management Llc, a New Jersey-based fund reported 8,145 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 19 buys, and 0 selling transactions for $30,396 net activity.
U.S. Global Investors, Inc., incorporated on January 29, 1968, is an investment advisor. The Company, with principal activities located in San Antonio, Texas, manages three business divisions: 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 services and products 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 asset management firm, which offers investment management services and products 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.
Another recent and important U.S. Global Investors, Inc. (NASDAQ:GROW) news was published by Marketwatch.com which published an article titled: “US Global Investors, Inc. Reports Ownership of Flow-Through Units of Murchison …” on October 21, 2016.
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By Ellis Scott