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SAN ANTONIO - U.S. Global Investors, Inc. (NASDAQ:GROW), an investment advisory firm with a market capitalization of $32.8 million, has announced the return of Bobby Duncan to its Board of Directors. According to InvestingPro analysis, the company is currently trading near its 52-week low, suggesting a potentially attractive entry point for investors. Duncan, who has previously held multiple executive positions at the company, including CFO, COO, CEO, and Director, brings a wealth of experience in finance, marketing, and education to the board.
Duncan’s tenure at U.S. Global Investors and its subsidiaries spanned from 1985 to 2002. His extensive knowledge of the company’s operations and growth strategies is expected to be a significant asset. CEO and Chief Investment Officer Frank Holmes highlighted Duncan’s deep understanding of global markets and his alignment with the company’s mission to provide value to investors and shareholders.
With a career that includes advisory roles and academic positions, Duncan’s expertise extends internationally, having engaged with markets in Europe, Asia, Africa, and the Americas. His return to the board is anticipated to contribute to the expansion of the firm’s ETF offerings and the alignment of business strategies with long-term goals.
Duncan’s appointment is seen as a strategic move by U.S. Global Investors as they continue to focus on thematic investment products and niche markets worldwide. Jerry Rubinstein, Chairman of the Board, expressed confidence in Duncan’s leadership and expertise as the company plans for future opportunities.
The company, headquartered in San Antonio, Texas, has a history dating back over 50 years and today offers money management services to U.S. Global Investors Funds and U.S. Global ETFs. With an impressive current ratio of 20.96 and a consistent dividend yield of 3.7%, InvestingPro data shows the company has maintained dividend payments for 19 consecutive years. Duncan’s reappointment is part of the company’s ongoing efforts to drive growth and shareholder value. For deeper insights into U.S. Global Investors’ financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
This move comes as U.S. Global Investors continues to leverage its longstanding presence in the investment world to navigate the evolving financial landscape. The firm’s confidence in Duncan’s impact is rooted in his proven track record and commitment to innovation within the industry. The information regarding Duncan’s appointment is based on a press release statement from U.S. Global Investors, Inc.
In other recent news, U.S. Global Investors (GROW) has reported mixed financial results, with a notable decrease in quarterly revenues and an operating loss. Despite these financial challenges, the company has maintained a strong shareholder yield of 9.34% through stock buybacks and dividends. The firm’s balance sheet remains robust, with $2.7 million in cash and no long-term debt.
Recent developments include the successful launch of innovative ETF products and an anticipation of growth in gold-focused funds. U.S. Global Investors also reported average assets under management of $1.5 billion and operating revenues of $2.16 million for the quarter. The company has plans to continue creating innovative products and managing cash prudently.
Investors should also note the company’s expansion of marketing efforts in Latin America and the significant rebound of the Jets ETF in airline stocks. Despite the 31% decrease in revenues and an operating loss of $559,000, the firm remains committed to its stock buyback strategy, citing the undervaluation of its shares. The firm’s strategic outlook remains positive, with a commitment to returning value to shareholders and exploring growth opportunities in gold and airline assets.
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