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U.S. Global Investors, Inc. (GROW)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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4.1750-0.0650 (-1.53%)
As of 11:12AM EDT. Market open.

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  • i
    invisoguy
    what's the monthly div y payout here with 1000 shares
  • d
    don
    Hive is on fire!!
  • R
    Ricardo
    An offer oh $10.60 per share would be more appropriate.
  • B
    Bill
    Activist Shareholders Decry Nepotism at U.S. Global
    Chief Executive Frank Holmes hired his son three times and did not properly notify shareholders, two private-equity firms looking to buy the fund company claim.

    By Ben Miller|July 20, 2022

    U.S. Global Chief Executive Frank Holmes hired his son Nigel on three separate occasions without properly alerting shareholders, two activist investors claim.

    Holmes’ failure to disclose in regulatory filings that he was hiring a family member raises concerns that the firm is not being run to benefit shareholders, but rather to benefit certain individuals, the founders of private equity firms Deerhaven Capital and Echo Lake Capital wrote in a letter submitted to U.S. Global on Tuesday.

    Late last month, the two private-equity firms offered to buy all outstanding Class A shares of the San Antonio, Texas-based firm for $5.30 per share. U.S. Global rejected their proposal, claiming that their offer did not represent “appropriate value” for shareholders. The pricing represents a 20% premium to U.S. Global’s share price on June 24, and 22% more than its closing price on Tuesday.

    Disclosures indicate that neither private equity firm is currently a major shareholder of U.S Global.

    Deerhaven and Echo Lake alleged that Holmes did not represent shareholders’ interests when he gave his son three different roles at the firm over nearly a decade.

    Nigel Holmes worked at the firm as an investment consultant from February 2020 to December 2021, according to his LinkedIn profile. He also did two stints as an investment analyst, one between August 2014 and February 2015, and another between August 2012 and December 2013.

    He also worked at Galileo Funds, which was majority owned by U.S. Global, between February 2018 and January 2020, his LinkedIn profile shows. He has been vice president of business development at travel website Matador Network, which is not affiliated with U.S. Global, since December 2021.

    “In addition to the potential legal repercussions of failing to disclose related party transactions, we are troubled by how Frank's decision to hire his son might have impacted the company's other employees and shareholders,” the private-equity firms wrote. “[U.S. Global] is a tiny company with few employees and we are worried that the CEO hiring his son likely harmed employee morale and productivity and therefore also harmed shareholders.”
  • P
    Patrick
    Check out the sub r3ddit : "growusglobal"
  • H
    Howard
    The collective yawn on share prices speaks to the offer's ambiguity and lowball nature. This is kind of an invitation to the dance with little information on type of music or expected attire. That said, their comment on the market failing to appreciate micro-cap value has truth. GROW's stock has failed to get back to its 2007 high and I regret keeping it when it hit 12 a year+ ago. This is probably a lowball offer but you have to wonder about the stock's long-term prospects? JETS may do well, but does that make up for highly volatile crypto and traditional mutual funds with relatively high cost, small AUM, and fair-to-middling performance? Mr. Market has had a pretty negative view when viewed through a long historical prism.
  • H
    Howard
    What's interesting with GROW is that crypto has performed more like a risk asset than an alternative. It has been correlating 70 percent with the S&P. On that score, it is cheap by a number of assets, but you worry that AUM will dip as will crypto. The latter isn't a hedge.
  • S
    Smith
    The crypto market has proved to be profitable over time but it all depends on your choice of investment, investing wrongly might have you ending up with losses and no one what that....
  • E
    Eric
    Investment in crypto currency is the wisest thing to do now, because it's where millionaire and future billionaire come to get inspired. If you've not been involved you're missing out. When you invest you are buying a day you don't need to work.
  • d
    don
    total assets under management (AUM) on June 30, 2020, stood at $1.7 billion, a more than threefold increase from $510.1 million a year earlier. The increase was primarily due to inflows into the Company's two ETFs, particularly the smart-beta 2.0 airlines ETF, the U.S. Global Jets ETF (JETS). Assets in JETS started to accelerate in the latter part of March 2020 and were $1.2 billion at fiscal year-end, as many value investors saw the coronavirus-related plunge in airline stocks as a buying opportunity. Positive inflows were recorded for an incredible 70 straight trading days, between March 3 and June 10, prompting Bloomberg Intelligence's senior ETF analyst Eric Balchunas to call JETS "the hottest theme ETF in history." Total AUM in the quantamental U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) also rose considerably, from $14.9 million at June 30, 2019, to $86.2 million a year later, representing a 478 percent increase. As such, the Company recorded advisory fees from the ETFs totaling $1.7 million in fiscal 2020, compared to $588,000 in fiscal 2019.

    <b>JETS Exceeded $1 Billion in AUM; GOAU Above $100 Million</b>

    Despite certain challenges related to the pandemic, fiscal 2020 was a strong year for the Company's two ETFs. Net assets in JETS broke above $1 billion for the first time ever on June 2 as value investors and hedge funds sought exposure to airline stocks, which tumbled some 50 percent due to the coronavirus-induced economic downturn. Only 18 percent of ETFs on average reach the $1 billion level, according to Bloomberg. GOAU, meanwhile, surpassed $100 million in net assets in July 2020 for the first time since its debut in June 2017.

    "We couldn't be more thrilled with how well JETS and GOAU did in fiscal 2020," says Frank Holmes, Company CEO and chief investment officer. "The pandemic has been devastating for many businesses and households, but the economic events created huge unexpected interest in JETS, which saw a remarkable $1.3 billion in inflows between March 3 and June 10. It's important for GROW investors to remember that JETS charges 60 basis points, making it a significant generator of revenue, but also pays all the expenses of the fund.

    Next few quarters should really reflect some major growth, great team! Going long
  • N
    Nautical
    At least we know what happened, it reached full valuation and had to correct. 15,081,849 shares with $180m valuation is 11.93, overshot to 12.89. Klein on Seeking Alpha said "I won't recommend buying or selling, but I will say that, in my opinion, GROW's asset management business is worth at least $150MM. Throw in the other assets, HIVE debentures of $15MM and you get about $180MM. That's about $10-$12 a share. If HIVE climbs higher, GROW can be worth as much as $15-$20."
  • H
    Harry
    HUGE quarter and stock goes down? Strange reaction
  • s
    sidthekid911
    Frank did not sell personal shares ppl, sold shares for $GROW to create free cash
  • S
    Sammy Z
    Hive is now now up 13 percent, without high volume Canadian market. This means Grow should be increasing with heavy investment in Hive. Loom for massive increase with both stock tomorrow.
  • J
    JJ
    incredible quarter. Additionally, huge AUM growth, already made a huge profit on HIVE, and read what they're holding in warrants & convertible debt to equity, with HIVE uplisting to NASDAQ this year, hopefully in the current quarter. They will continue to pay the dividends and increase it in June and realize substantial gain on HIVE uplisting who mine primarily ETH. HODL.
  • S
    Scott
    $LFIN $MARA $RIOT $TEUM $SRAX $GROW $KIQ

    According to Research and Markets the Global Blockchain market is estimated to reach $6,076.6M by 2023, and expected to grow at a CAGR of 48.37% during the forecast period. The North American region is dominating the global Blockchain market.

    CAGR = Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period. ... CAGR dampens the effect of volatility of periodic returns that can render arithmetic means irrelevant.
  • A
    A
    Opening a position. Looks way overdone. Low float. Market cap of 100 mil with AUM of 4.4 billion
  • d
    don
    Love this hidden gem, great team! Its taken a bit of time to great the right balance of investments and timing , nobody has a crystal ball and it has taken a ton of patients dealing with the market. I think 2021 will show a powerhouse of strength in the stock price. Good luck longs!
  • D
    David
    $GROW owns 10% stake in $HIVE Blockchain
    Ether Coinbase is directly related to $HIVE
    Insiders can’t sell any shares until February 2019
    CEO Holmes is buying back it’s own shares of $GROW and invested $5,000,000.00 worth $GROW stocks.

    This $GROW stock is getting more stronger and Ether Coinbase is getting higher than ever.

    Blockchain mining is growing and steadily increasing popular everyday. CEO Holmes high beliefs on his company and Blockchain mining company.

    Please checkout the last earnings conference call on November 9 2017
  • J
    JoshandJosh
    The sell off in crypto has created an unbelievable opportunity to accumulate below $6. This is a $10+ stock in six months. The return to normal trade hasn’t even started. JETS will likely hit $5B