Dernières nouvelles pour US Global Investors (NASDAQ:GROW) Stock

US Global Investors

US Global Investors Inc is a registered investment advisory firm. The company manages the following business segments: Investment management services; through which the company offers, to U.S. Global Investors Funds (USGIF or the Funds) and exchange-traded fund (ETF) clients, a range of investment management products and services to meet the needs of individual and institutional investors; and Corporate Investments, through which the company invests for its own account in an effort to add growth and value to its cash position. It derives all its revenue from Investment management services.

U.S. Global Investors, Inc. - Class A Common Stock

US Global Investors Inc

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Growthpoint Properties Ltd

The launch of the U.S. Global Technology and Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAR#NYSE">WAR</a>) on Dec. 30, 2024, and its subsequent debut on the New York Stock Exchange, is another feather in the cap for U.S. Global Investors Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>) extensive suite of ETFs targeting specific sectors. The fund aims to bring investors into the areas of advanced technology, defense and aerospace with an expense ratio of 0.6%.
The ETF holds total net assets of $1 million, per the company&#8217;s fact sheet, and rebalances quarterly. Holdings are split, with the following 10 holdings equally representing seven percent each of the fund: Applied Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), Booz Allen Hamilton Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>), General Dynamics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), Hexcel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>), Leidos Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>), and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Other notable holdings include Rheinmetall AG, Cohort plc, Cognyte Software and F5, each constituting 4% of the portfolio.
A general breakdown of the ETF holdings looks like this: data centers, homeland protection, aerospace and defense, cybersecurity, and semiconductor. All these sectors are interconnected in today&#8217;s global economy.
Interestingly, <a href="https://www.usglobaletfs.com/app/uploads/2024/12/WAR-Factsheet.pdf">28%</a> of the ETF's technology sector exposure will consist of semiconductor stocks. This is important as the chip industry has been in the spotlight for a while now for its lucrative outlook. According to a recent <a href="https://www.pwc.com/gx/en/industries/technology/state-of-the-semicon-industry.html">PwC report</a>, global semiconductor revenues are anticipated to grow "more than twice as fast as global GDP, reaching over $1 trillion by 2030." Thus, a larger exposure in this area makes sense.
Also, another 28% of the fund's overall holdings will go to Cybersecurity, an area that needs intense R&amp;D and consistent advancements to tackle the growing sophistication of global cybercrimes, including cyberespionage, a major headache for governments.
The stocks included in this actively managed fund will be chosen subject to some quantitative and fundamental parameters. Also, there is a possibility for the fund to invest in foreign companies and emerging markets. The fund prospectus currently states that its exposure to companies in the U.S. is 83%, U.K. is 7%, Germany is 7%, France 3% and Norway 3%.
The ETF issuer has a note of warning to investors in its press release: "The fund's concentration in the securities of a particular industry namely Aerospace and Defense, Cybersecurity and Semi-conductor industries as well as geographic concentration may cause it to be more susceptible to greater fluctuations in share price and volatility due to adverse events that affect the Fund's investments."
Nonetheless, the defense industry presents a significant investment opportunity due to various global factors. 
Russia&#8217;s invasion of Ukraine, tensions with China and heightened military spending especially in Europe due to the almost doubling of arms imports between 2019 and 2023 will require high levels of defense spending. 
Advanced technologies in warfare are transforming war; countries are heavily investing in AI, hypersonic missiles, and autonomous weapons, with the example being China. 
As detailed by U.S. Global ETFs, cyber threats are also rising, with a 75% increase in global cyberattacks and leading to high investments in cyber security infrastructure. Bipartisan U.S. defense spending and increases in NATO military spending add weight to the potential growth of this sector. Another reason for European defense system modernization and the reduction of U.S. reliance on their systems is to grow more independent.
Read Next: • <a href="https://www.benzinga.com/content/42720025/these-3-quirky-etfs-may-be-strong-plays-in-2025">These 3 Quirky ETFs May Be Strong Plays in 2025</a>
Photo: Courtesy General Dynamics

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U.S. Global Launches Technology And Aerospace & Defense ETF: Why Its Allocation Makes Sense

US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>) reported quarterly earnings of $0.02 per share. This is a 300 percent increase over losses of $(0.01) per share from the same period last year. The company reported $2.16 million in sales this quarter. This is a 31.15 percent decrease over sales of $3.13 million the same period last year.

Earnings

News

US Global Investors Q1 EPS $0.02 Up From $(0.01) YoY, Sales $2.16M Down From $3.13M YoY

US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>) reported $2.59 million in sales this quarter. This is a 28.45 percent decrease over sales of $3.62 million the same period last year.

US Global Investors Q3 Sales $2.59M Down From $3.62M YoY

U.S. Global Investors, Inc. (<a href="https://www.globenewswire.com/Tracker?data=u4WnfcE7czV9jd3RdT1pT-NsI_L_dJhXvO-XjCxFJTw_t0jbhxtP89FArYNIjie2eDRVBI6NVSJU_GODELpA3Q==">NASDAQ</a>: <a href="https://www.globenewswire.com/Tracker?data=s6-9W-gQCLk60g0_GTMP9kclgpXhMNkExXt0_-W-O8dICoz7FR5BuWBaNz0sHTBnryPpR6ZitRnWCnk6s9EdHw==">GROW</a>) (the "Company"), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that it repurchased 102,636 of its own shares in February 2024, at a net cost of approximately $281,000. This represents a substantial increase of nearly 200% from the number of shares purchased the same month a year earlier.
As a reminder, the Board of Directors (the "Board") modified the Company's buyback program in February 2022, increasing the annual limit <a href="https://www.globenewswire.com/Tracker?data=A0eY5AdhpmP3Cp4ytaFGG9mKz_nvhityu6NJDOpjnC3JYG9dQd-IAq8ZoBDiwqOAoVcUqSGH33xuTet8grFUAEnfmtWY0K36rGbdIFTSmPrxlFJlRSLABSRspcyfRL1FxT2eomoHDInT2VYKriHbepdFGARz8nN4dChwiyDDO-FOwqKX_HSduoH2ijRke1Is">from $2.75 million to $5 million.</a> Since March 2022, the Company has bought back around 1 million of its shares.
"U.S. Global Investors is committed to enhancing shareholder value, and buying back our own stock is just one way that demonstrates our strategic approach to capital allocation. It also showcases our confidence in the Company's future prospects," says Frank Holmes, the Company's CEO and Chief Investment Officer. "We believe GROW is deeply undervalued right now, and we will continue buying as small-cap stocks remain under pressure from higher borrowing costs."

Buybacks

U.S. Global Investors Announces An Increase Of Nearly 200% From The Number Of Shares Purchased The Same Month A Year Earlier

Thursday marks the last chance for investors to receive the next dividend payout from US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>). 
<h3>What's Happening</h3>
The company announced on Tuesday that it would pay shareholders a monthly dividend of 0.75 cents per share. On Friday, US Global Investors will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 0.75 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own GROW as of the end of Thursday's session are eligible to receive the 0.75 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 22, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To stay up-to-date with the companies that are announcing their dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

US Global Investors: Dividend Insights

US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>) reported quarterly losses of $(0.01) per share. This is a 200 percent decrease over earnings of $0.01 per share from the same period last year. The company reported $3.13 million in sales this quarter. This is a 28.99 percent decrease over sales of $4.41 million the same period last year.

US Global Investors Q1 EPS $(0.01) Down From $0.01 YoY, Sales $3.13M Down From $4.41M YoY

U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing Of Form 10-K

Wednesday marks the last chance for investors to receive the next dividend payout from US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a monthly dividend of 0.75 cents per share. On Thursday, US Global Investors will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 0.75 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own GROW as of the end of Wednesday's session are eligible to receive the 0.75 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on October 23, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on US Global Investors's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

US Global Investors's Ex-Dividend Date Is Thursday, Here's What You Need To Know

&nbsp;U.S. Global Investors, Inc. (<a href="https://www.globenewswire.com/Tracker?data=RIb5pIFGHmXq4_plbrZkWn_P6G_xNbzpiwVGvsMdL69lHMZ97ZbLuZdXfI3b7h6UIIL_a5CK2HgxDnHopDbmwA==" target="_blank">NASDAQ</a>:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=4vhwyTRzr18F1W5A2FfjAuuEeGkEaiGJKYQEzEhE-g5wAN_0EAah9ujibKZdf1FtI-K472dM_BnI4iqOJSUWXA==" target="_blank">GROW</a>) (the &quot;Company&quot;), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to announce that it repurchased 61,989 of its own shares in July 2023, at a net cost of over&nbsp;$196,000. This represents an increase of approximately&nbsp;162%&nbsp;from the number of shares purchased the previous month and a significant&nbsp;951%&nbsp;increase from the same month a year earlier.
The Board of Directors (the &quot;Board&quot;) modified the Company&#39;s buyback program in December 2022, making it possible for the Company to buy back shares of GROW stock when the price is flat or down from the previous trading day.
Continuation of Monthly Dividends
The Board approved payment of the&nbsp;$0.0075&nbsp;per share per month dividend beginning in July 2023 and continuing through September 2023. The record dates are August 14 and September 11, and the payment dates will be August 28 and September 25.
The continuation of future cash dividends will be determined by the Board, at its sole discretion, after review of the Company&#39;s financial performance and other factors, and is dependent on earnings, operations, capital requirements, general financial condition of the Company and general business conditions.
Domestic Airlines&#39; Record-Setting Quarter
On a final note, the Company is excited to share details of the domestic airline industry&#39;s record-setting quarter ended June 30. American Airlines Group Inc. (&quot;American&quot;) and Delta Air Lines Inc. (&quot;Delta&quot;) both reported record revenues during the&nbsp;second quarter&mdash;American with&nbsp;$14.1 billion&nbsp;and Delta with&nbsp;$15.6 billion&mdash;on strong summer travel demand. American raised its full-year 2023 adjusted earnings per share (EPS)&nbsp;guidance&nbsp;to between&nbsp;$3.00&nbsp;and&nbsp;$3.75, while Delta says it will be using its cash flow to pay down a projected&nbsp;$4 billion&nbsp;in debt by year-end.
United Airlines Holdings Inc. (&quot;United&quot;) reported record adjusted EPS of&nbsp;$5.03&nbsp;during the June quarter and raised its 2023&nbsp;guidance&nbsp;to between&nbsp;$11&nbsp;and&nbsp;$12&nbsp;per share, up from previous&nbsp;guidance&nbsp;of between&nbsp;$10&nbsp;and&nbsp;$12. The carrier said that it flew 2,400 scheduled flights per day on average in the&nbsp;second quarter, the most in company history.
&quot;American, Delta and United represent three of the largest holdings in the&nbsp;U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>),&nbsp;so we believe the record financial results are highly positive for what remains our largest fund, with approximately&nbsp;$1.8 billion&nbsp;in assets under management (AUM) as of July 31, 2023,&quot; says Frank Holmes, the Company&#39;s CEO and Chief Investment Officer. &quot;Despite higher rates, fears of a recession appear to be receding as the economy continues to defy expectations and consumers continue to spend. Against this optimistic backdrop, airlines are adding new routes and expanding service into additional countries, with United recently announcing the largest-ever network expansion from the U.S. to the South Pacific. For investors who may be seeking a way to gain exposure to this travel boom, I believe JETS to be an excellent choice.&quot;
<a href="https://www.globenewswire.com/Tracker?data=gSG7fAA7HYVjwzMcggbLOLSyeVY-bn3h81mo3OmSCmfYRlE9S8rbdE4zibdCVmpAWK2lefnD-DQEDAuCJQQtnO1XGoYG2fRjZwkcWMaEF_-1YZhBmkKR4iXNsf0IEDC6a2MaB-slNCaEaPXqzLc5wUZRuihQJ7bf1VrTHX3CV3cUPBK5Ih2OOB9PgsWn5MnL" target="_blank">Click here to see the top holdings in JETS.</a>&nbsp;

Insider Trades

JETS

U.S. Global Investors, Inc. Announces That It Repurchased 61,989 Of Its Own Shares In July 2023, At A Net Cost Of Over $196,000

<h3>Gainers</h3>
<ul>
<li>TOP Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOP#NASDAQ">TOP</a>) stock moved upwards by 30.0% to $10.14 during Friday's pre-market session. The market value of their outstanding shares is at $355.4 million. The company's, FY earnings came out today. </li>
<li>Bright Health Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHG#NYSE">BHG</a>) shares increased by 20.6% to $13.17. The market value of their outstanding shares is at $104.7 million. </li>
<li>US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>) stock increased by 5.26% to $3.2. The market value of their outstanding shares is at $46.6 million. </li>
<li>Oscar Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSCR#NYSE">OSCR</a>) stock increased by 4.98% to $8.63. The company's market cap stands at $1.8 billion. </li>
<li>MoneyLion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) shares rose 4.93% to $13.6. The company's market cap stands at $133.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares fell 20.0% to $8.97 during Friday's pre-market session. The market value of their outstanding shares is at $128.2 million. </li>
<li>Marketwise (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTW#NASDAQ">MKTW</a>) shares declined by 4.53% to $1.9. The company's market cap stands at $67.3 million. </li>
<li>MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNGD#NYSE">FNGD</a>) shares fell 3.49% to $9.14. </li>
<li>Granite Point Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPMT#NYSE">GPMT</a>) shares fell 3.46% to $5.31. The market value of their outstanding shares is at $273.6 million. </li>
<li>Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock declined by 3.38% to $19.78. The company's market cap stands at $815.4 million. </li>
<li>Invesco Mortgage Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVR#NYSE">IVR</a>) shares declined by 3.02% to $11.57. The market value of their outstanding shares is at $481.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

FNGD

GPMT

MKTW

OSCR

ROOT

TRUP

11 Financials Stocks Moving In Friday's Pre-Market Session

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Oracle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) to report quarterly earnings at $1.58 per share on revenue of $13.73 billion after the closing bell. Oracle shares gained 0.1% to $110.00 in after-hours trading.</li>
<li>U.S. Global Investors, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/grow#NYSE">GROW</a>) reported Q2 earnings of 6 cents per share, down from 24 cents in the year-ago period. The company&rsquo;s sales declined to $3.73 million from $6.57 million. US Global Investors shares gained 1.8% to $2.84 in the after-hours trading session.</li>
<li>Analysts expect Tarena International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tedu#NASDAQ">TEDU</a>) to post a quarterly loss at $1.93 per share on revenue of $52.89 million after the closing bell. Tarena International shares fell 0.6% to $3.50 in after-hours trading.</li>
</ul>

Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<ul>
<li>Aptorum Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/apm#NYSE">APM</a>) announced voluntary delisting from Euronext Paris. Aptorum shares 0.3% to $3.00 in the after-hours trading session.</li>
<li>Analysts expect ECARX Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ecx#NASDAQ">ECX</a>) to post a quarterly loss at 14 cents per share on revenue of $111.58 million before the opening bell. ECARX shares fell 0.1% to $7.95 in after-hours trading.</li>
</ul>

&nbsp;
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Oracle, ECARX And 3 Stocks To Watch Heading Into Monday

US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>) reported quarterly earnings of $0.06 per share. This is a 75 percent decrease over earnings of $0.24 per share from the same period last year. The company reported $3.73 million in sales this quarter. This is a 43.29 percent decrease over sales of $6.57 million the same period last year.

US Global Investors Q2 EPS $0.06 Down From $0.24 YoY, Sales $3.73M Down From $6.57M YoY

San Antonio, TX, Feb. 21, 2023 (GLOBE NEWSWIRE) -- U.S. Global Investors, Inc. (<a href="https://www.globenewswire.com/Tracker?data=BmTV-qoroor1XR7Uz3nFdBbH_zoVxWOwd8OXpGKl_9UQUCVy0LBTng50GeBV6QHAnryBpLbLtXAG0NTzpA5Cww==" target="_blank">NASDAQ</a>:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=I9Wyzl6tvEjsD_Wfh2r75uXj90aml0OI3Dllk27TzQ4v682KET2hhMdtIX30EF1z" target="_blank">GROW</a>) (the &quot;Company&quot;), a registered investment advisory firm with longstanding experience in global markets and specialized sectors, today announces that it received a standard notification letter dated February 16, 2023, (the &quot;Nasdaq notice&quot; or &quot;notice&quot;) from the Nasdaq Listing Qualifications Department of Nasdaq notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5250 (c)(1), which requires timely filing of all required financial reports with the U. S. Securities and Exchange Commission.
The Nasdaq notice has no immediate impact on the listing or trading of the Company&#39;s common stock on the Nasdaq Capital Market.&nbsp;The notice provides that the Company has until April 17, 2023 (that is, 60 calendar days from the date of the Nasdaq notice) to submit to Nasdaq a plan (the &quot;Compliance Plan&quot;), to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Compliance Plan, Nasdaq can grant the Company an exception to extend for an additional 180 calendar days from the extended due date of the Form 10-Q filing date, or August 14, 2023, to regain compliance. The Company is working diligently to file its Form 10-Q.
This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

U.S. Global Investors Receives Expected Nasdaq Notice Regarding Late Filing Of Form 10-Q

Thursday marks the last chance for investors to receive the next dividend payout from US Global Investors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GROW#NASDAQ">GROW</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a monthly dividend of 0.75 cents per share. On Friday, US Global Investors will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 0.75 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own GROW as of the end of Thursday's session are eligible to receive the 0.75 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on January 23, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on US Global Investors <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

U.S. Global Investors Announces Renewal Of Buyback Program To Buy Up To $5M Of Common Stock

A wind of change is blowing through the financial industry as more people drift toward nonbank institutions for their borrowing needs.
In 1974, banks&nbsp;<a href="https://www.fdic.gov/analysis/quarterly-banking-profile/fdic-quarterly/2019-vol13-4/fdic-v13n4-3q2019-article1.pdf">controlled</a>&nbsp;the lending industry, holding 62% of the total loans. Almost five decades later, nonbanks&nbsp;<a href="https://www.wsj.com/articles/nonbank-lenders-are-dominating-the-mortgage-market-11624367460?mod=business_lead_pos6">issued</a>&nbsp;68% of all U.S. mortgages.&nbsp;
A report by the&nbsp;<a href="https://www.bis.org/publ/qtrpdf/r_qt2203c.htm#:~:text=Total%20new%20syndicated%20lending%20to,%2C%20left%2Dhand%20panel).">Bank for International Settlements (BIS)</a>&nbsp;indicated that syndicated lending to nonfinancial corporations increased substantially, from less than $300 billion in 1990 to around $4.75 trillion in 2019. Nonbank lending increased from $20 billion to $410 billion per year over the same period.
<h2>Specialty Financing</h2>
These nonbanks&rsquo; ability to meet the need for alternative or specialty financing may be what&rsquo;s driving their increase in lending.
Specialty finance firms make it easier for consumers and small to mid-size businesses to get loans they may find difficult to obtain from traditional banks.
They have easily won the hearts of some customers who were yearning to bypass long bureaucratic processes in favor of more straightforward procedures like completing loan applications and payments digitally with no initial fees and low-interest rates.
Thanks to this financing option, people who do not qualify for a traditional bank loan because of bad credit history are now turning to the alternative lending market for their capital needs.
In this context, companies like Oxford Square Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oxsq#NASDAQ">OXSQ</a>), Mill City Ventures III Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcvt#NASDAQ">MCVT</a>), Manhattan Bridge Capital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loan#NASDAQ">LOAN</a>), and U.S. Global Investors (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grow#NASDAQ">GROW</a>) have flourished over recent years.
<h2>Meeting Demand</h2>
As borrowers continue seeking alternative financing sources, <a href="https://www.millcityventures3.com/">Mill City Ventures III Ltd</a>, a short-term nonbank lending and specialty finance company could be answering this demand with its specialty financing solutions
Founded in January 2006,&nbsp;Mill City specialized in providing bespoke short-term lending solutions to public and private companies facing short-term liquidity issues.&nbsp;
Mill City ordinarily provides nonbank lending and specialty finance to companies and individuals with both collateral and a short-term source of liquidity anticipated to be available by the time the loan matures. The principal specialty finance solutions the company provides are high-interest, short-term lending arrangements.
The loans the company provides typically have maturities of nine months or less and involve a pledge of collateral or, in the case of loans made to companies, personal guarantees by the borrower&rsquo;s principals.
Since commencing short-term nonbank lending operations in January 2020, both the average loan size and weighted interest rate have increased year over year.
<a href="https://profiles.smallcapsdaily.com/mcvt/"><img alt="screenshot_2022-11-02_at_5.52.58_pm.png" src="https://www.benzinga.com/files/u240220/screenshot_2022-11-02_at_5.52.58_pm.png" style="height:349px; width:650px" /></a>
<h2>Financials</h2>
The company&rsquo;s product offerings could be positively affecting growth, as shown in Mill City&rsquo;s recent&nbsp;<a href="https://www.benzinga.com/pressreleases/22/08/ac28513935/mill-city-ventures-iii-ltd-reports-2022-second-quarter-financial-results">financial results</a>&nbsp;for the three- and six-month periods that ended June 30, which could be good news for investors.
<h3>Q2 2022 Highlights</h3>
<ul>
<li>Investment income from lending operations increased 83% to $1.24 million in the three months ended June 30, up from $675,549 in the prior year.&nbsp;</li>
</ul>
For the six-month period, investment income from lending operations was $2.24 million, compared to $1.2 million at the same time a year ago, an 83% increase.
<ul>
<li>Pretax earnings from lending operations increased in the second quarter to $734,250 from $425,393 in the prior year, a 73% increase.&nbsp;</li>
<li>In the six-month period, pretax earnings from lending operations reached $1.2 million compared to $438,377 in the prior year period, a 171% increase.</li>
<li>Shareholder equity increased to $14.4 million on June 30, 2022, from $13.4 million on Dec. 31, 2021.</li>
<li>As of June 30, 2022, the company had $629,572 in cash, compared with $1,936,148 as of Dec. 31, 2021.</li>
</ul>
Featured photo by <a href="https://www.shutterstock.com/g/Kritchanut">Atstock Productions</a> on&nbsp; <a href="https://www.shutterstock.com/image-photo/close-businessman-hand-giving-money-russian-687049846">Shutterstock</a>
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

LOAN

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As More Consumers And Investors Seek Alternative Financing, This Company's Specialty Financing Could Provide Answers

<a href="https://profiles.smallcapsdaily.com/mcvt/">Learn more about Mill City Ventures III, Ltd. by gaining access to the latest research report.&nbsp;</a>
Going public on bigger markets gives private companies a perfect opportunity to generate capital to help further growth, reduce debt, fund research and development (R&amp;D) and take care of other business operations.
Apart from the financial upside, the company can also benefit from increased public awareness because an uplist tends to generate publicity that attracts new customers, subsequently increasing market share.
On Aug. 10, Mill City Ventures III Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcvt#NASDAQ">MCVT</a>), a nonbank lender and specialty finance company, joined Manhattan Bridge Capital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loan#NASDAQ">LOAN</a>), Oxford Square Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oxsq#NASDAQ">OXSQ</a>), and U.S. Global Investors Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grow#NASDAQ">GROW</a>), which have moved to the Nasdaq (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndaq#NASDAQ">NDAQ</a>) stock market.
Founded in January 2006, <a href="https://www.millcityventures3.com/">Mill City</a> is a nonbank specialty finance firm specializing in investments in debt and equity securities of public and private companies to fund operations facing short-term liquidity issues.
<h2>Before Commencing Trading On Nasdaq</h2>
Before it began trading on the Nasdaq Capital Market (Nasdaq), the company&nbsp;<a href="https://www.benzinga.com/news/22/08/28424175/mill-city-ventures-iii-ltd-announces-pricing-of-5-million-public-offering-to-trade-on-nasdaq-capital">revealed</a>&nbsp;the pricing of its underwritten public offering &mdash; 1.25 million shares of common stock at a public offering price of $4 per share for aggregate gross proceeds of $5 million before underwriting discounts and commissions, and other company offering expenses.
In addition, the company granted the underwriters a 45-day option to purchase up to 187,500 additional shares of common stock at the offering price, less the underwriting discount.
<h2>SEC Filling</h2>
In its filing with the U.S. Securities and Exchange Commission (SEC), Mill City identified several criteria it believes are important guidelines to meet its financial objectives. They include:
<h3>Existing Liquidity Source</h3>
The company noted that because most of its transactions involve short-term maturities, it typically seeks to identify a liquidity source for the borrower to repay them.
Examples of sources of potential liquidity may include accounts receivable, another valuable asset, or a pending payment such as a tax refund, a litigation judgment, or a settlement payment that is reasonably expected to pay out prior to the maturity of the credit provided.
<h3>Collateral Value</h3>
Mill City said it will generally seek to collateralize the obligations owed to the company.&nbsp;
&ldquo;Our ability to identify valuable collateral is a significant factor in our credit analysis and determination of the attractiveness of a potential transaction,&rdquo; the company said.
&ldquo;This analysis will often involve legal counsel, both to assist in the identification of potential collateral assets and to better understand the ease with which a security interest in the collateral may be granted, perfected and, if necessary, foreclosed upon and the relevant jurisdiction(s) involved.&rdquo;
<h3>Experienced And Capable Management</h3>
Mill City indicated that it would seek businesses with an experienced, knowledgeable and capable management teams in transactions involving business borrowers.
<h3>Competitive Position</h3>
In transactions involving business borrowers, the company said it would seek to invest in transactions with businesses that have developed, or appear poised to develop, a strong competitive position within their respective industry sector or niche.
<h3>Cash Flow</h3>
Finally, in transactions involving business borrowers, Mill City said it would seek to invest in profitable or nearly profitable businesses on an operating cash-flow basis. It will do this principally so that the business&rsquo;s operating cash flow may serve as another source of liquidity from which it may ultimately be repaid.
Read more about the SEC filing <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001425355/000141057822001009/mcvt-20220419xs1.htm">here</a>.
<h2>Strong Financials</h2>
Shortly after going public, Mill City&nbsp;<a href="https://www.benzinga.com/pressreleases/22/08/ac28513935/mill-city-ventures-iii-ltd-reports-2022-second-quarter-financial-results">announced</a>&nbsp;financial results for the three- and six-month periods that ended June 30.
<h3>Q2 2022 Highlights</h3>
<ul>
<li>Investment income from lending operations increased 83% to $1.24 million in the three-month period ended June 30, up from $675,549 in the prior year.&nbsp;</li>
</ul>
For the six-month period, investment income from lending operations was $2.24 million compared to $1.2 million in the prior year period &mdash; an 83% increase.
<ul>
<li>Pretax earnings from lending operations increased in the second quarter to $734,250 from $425,393 in the prior year, a 73% increase.&nbsp;</li>
</ul>
In the six-month period, pretax earnings from lending operations reached $1.2 million compared to $438,377 in the prior year period, a 171% increase.
<ul>
<li>Shareholder equity increased to $14.43 million from $13.41 million on Dec. 31, 2021.</li>
<li>As of June 30, the company had $629,572 in cash, compared with $1,936,148 on Dec. 31, 2021.</li>
</ul>
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Featured photo by iQoncept on <a href="https://www.shutterstock.com/image-illustration/going-public-stock-market-initial-offering-1346645558">Shutterstock</a>

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This Company's Uplisting Could Be A Catalyst For Further Growth As It Reports Q2 Financial Results

Cultivating a culture of saving or investing can help guarantee a comfortable financial future.
As simple as it may sound, however, stashing away money or an asset for future profit can be a daunting habit to attain because it usually requires some sacrifice.
As the global economy continues to suffer due to a series of predicaments such as the COVID-19 pandemic, the Russia-Ukraine war and high inflation, investing could help cushion shocks as the economic crisis continues.
<h2>Types Of Investments</h2>
For anyone keen on investing, it might be prudent first to consult a&nbsp;<a href="https://www.millcityventures3.com/">financial advisor</a>&nbsp;to guide and help you figure out which investment type can help meet your financial goals.
The advisor may introduce you to popular investment options such as stocks, bonds, mutual funds, index funds, exchange-traded funds (ETFs) and options.
You can also borrow to invest over the long term &mdash; through margin loans for shares or investment property loans. A margin loan lets you borrow money to invest in shares, ETFs and managed funds.
When it comes to where you could go for such loans, a few names come up &mdash; like Manhattan Bridge Capital Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loan#NASDAQ">LOAN</a>), Oxford Square Capital Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/oxsq#NASDAQ">OXSQ</a>), U.S. Global Investors Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grow#NASDAQ">GROW</a>) and Mill City Ventures III Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mcvt#NASDAQ">MCVT</a>).
<h2>A Different Kind Of Lender?</h2>
Unlike some other players in the industry, Mill City specializes in investments in debt and equity securities of public and private companies looking to fund operations, whether for starting up, acquiring another company or fuelling growth.
Founded in January 2006, the company reports that it primarily focuses on investing in, lending to and making managerial assistance available to privately held and publicly traded companies.
Over the years, Mill City notes that it has provided non-bank lending and specialty finance to companies and individuals on both a secured and unsecured basis. The primary specialty finance solutions the company offers are high-interest, short-term lending arrangements.
Designed for individuals, business owners, real estate owners, house redevelopers and small business owners, the company&rsquo;s lending arrangements occasionally involve the company obtaining collateral as security for the borrower&rsquo;s repayment of funds.
The loans the company provides typically have maturities ranging from nine to 12 months and may involve a pledge of collateral or, in the case of loans made to companies, personal guarantees by the borrower&rsquo;s principals.
<h2>Nature Of Lending Operations</h2>
<ul>
<li>Non-bank lending and specialty finance</li>
<li>Asset-backed loans</li>
<li>Settled claim purchases</li>
<li>Tax anticipation loans</li>
<li>Real estate bridge loans</li>
<li>Litigation finance</li>
<li>Public market companies</li>
<li>Title loans</li>
<li>Opportunistic acquisitions</li>
<li>Mortgages</li>
</ul>
Since commencing non-bank lending operations in January 2020, its average loan size and weighted rate trajectory have increased year over year. This change resulted from the company&rsquo;s focus on making higher-dollar loans that usually have additional features such as the quality of the borrower and collateral levels.
<h2>Key Investment Considerations</h2>
<ul>
<li>Management has experience in entrepreneurial ventures and finance.</li>
<li>The company is not subject to many of the regulatory limitations that govern other traditional lenders or institutional competitors.</li>
<li>Mill City runs on lean operating costs, which allows for greater income statement leverage.</li>
<li>Management continually focuses on moving the blended portfolio returns up and to the right in the context of proper risk mitigation.</li>
<li>The company takes advantage of inorganic growth opportunities in the market through complementary and accretive acquisitions.</li>
</ul>
For a bespoke lender that provides custom and tailored lending to meet a customer&rsquo;s needs, Mill City could have an advantage over competitors, with a significant driver being that it is not subject to many of the regulatory limitations that govern traditional lenders or institutional competitors.
Read more about Mill City Ventures at <a href="https://www.millcityventures3.com/">millcityventures3.com</a>.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Featured Photo by <a href="https://www.shutterstock.com/g/Tinnakorn++jorruang">Tinnakorn jorruang</a> on <a href="https://www.shutterstock.com/image-photo/cbd-hemp-oil-hand-holding-bottle-1478305652">Shutterstock</a>

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