For Immediate Release
U.S. Global Investors reports 70 percent year-over-year increase
in earnings per share for 3Q2011
The Wall Street Journal Ranks Four Funds in Top 25 for 10-year Period
SAN ANTONIOMay 5, 2011
U.S. Global Investors, Inc. (NASDAQ
), a boutique registered
investment advisory firm specializing in natural resources and emerging markets, today reported
that revenue increased 22 percent and earnings per share increased 70 percent on a year-over-year
basis for the quarter ended March 31, 2011.
In the third quarter of fiscal 2011, U.S. Global recorded net income of $2.7 million, or 17 cents
per share, on revenue of $11.4 million. This compares to net income of $1.5 million, or 10 cents
per share, on revenue of $9.4 million for the third quarter of fiscal 2010. The company earned $2.3
million, or 15 cents per share, on revenue of $11.9 million in the second quarter of fiscal year
Assets under management at period end stood at $3.18 billion as of March 31, 2011, a 20 percent
increase from $2.65 billion at March 31, 2010, and an increase of 4 percent from $3.04 billion at
December 31, 2010.
Average assets under management were $3.10 billion for the quarter ended March 31, 2011, an
increase of 18 percent from $2.63 billion at March 31, 2010, and an increase of 9 percent from
$2.85 billion for the quarter ended December 31, 2010.
The company continued its strong performance for the fiscal 2011 year during the quarter, says
Frank Holmes, U.S. Global Investors CEO. U.S. Global continues to pay a monthly dividend, remains
debt-free and is poised to deploy the capital necessary to capture new opportunities should they
U.S. Globals marketing strategy is expanding to be a leader in providing specialized investment
expertise to financial advisors and institutions both domestically and internationally and we have
fortified our efforts to seize the opportunity to serve a growing global marketplace, says Holmes.
The mutual fund industry has gone through a major shift over the past decade and the total amount
managed by registered-investment advisers (RIAs) has grown to over $2
trillion. Weve focused our strategy to tap into this market and have attracted veteran Keith
Carlson out of early retirement to lead this charge. Keith is the former president of Van Eck
Global and has both the explicit and tacit knowledge needed to advance our efforts to build our
institutional asset base, says Holmes.