Insider Selling: U.S. Global Investors, Inc. (NASDAQ:GROW) Director Sells $11,904.00 in Stock

U.S. Global Investors, Inc. (NASDAQ:GROW) Director Jerold H. Rubinstein sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $1.92, for a total value of $11,904.00. Following the completion of the sale, the director now owns 700 shares of the company’s stock, valued at $1,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

GROW stock opened at $2.12 on Friday. The business has a 50 day simple moving average of $1.97 and a 200-day simple moving average of $1.47. U.S. Global Investors, Inc. has a 1 year low of $0.92 and a 1 year high of $2.29.

GROW has been the subject of a number of analyst reports. TheStreet upgraded U.S. Global Investors from a “d+” rating to a “c-” rating in a research report on Thursday, August 29th. ValuEngine lowered U.S. Global Investors from a “hold” rating to a “sell” rating in a research report on Saturday, September 14th.

A number of institutional investors have recently modified their holdings of GROW. FNY Investment Advisers LLC purchased a new position in U.S. Global Investors in the second quarter worth approximately $31,000. Balter Liquid Alternatives LLC purchased a new position in U.S. Global Investors in the second quarter worth approximately $64,000. Vanguard Group Inc. grew its position in U.S. Global Investors by 23.4% in the second quarter. Vanguard Group Inc. now owns 243,733 shares of the asset manager’s stock worth $441,000 after acquiring an additional 46,282 shares during the period. Toroso Investments LLC grew its position in U.S. Global Investors by 6.2% in the second quarter. Toroso Investments LLC now owns 272,826 shares of the asset manager’s stock worth $493,000 after acquiring an additional 15,902 shares during the period. Finally, Perritt Capital Management Inc. grew its position in U.S. Global Investors by 6.2% in the second quarter. Perritt Capital Management Inc. now owns 740,000 shares of the asset manager’s stock worth $1,339,000 after acquiring an additional 43,178 shares during the period. Institutional investors own 23.02% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

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