U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note released on Friday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW opened at $2.69 on Friday. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The firm has a market capitalization of $38.01 million, a PE ratio of 11.70 and a beta of 1.97. The stock’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.78.

U.S. Global Investors (NASDAQ:GROW) last issued its earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%. The business had revenue of $2.82 million for the quarter.

U.S. Global Investors Increases Dividend

The company also recently declared a dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a dividend of $0.0075 per share. This is a positive change from U.S. Global Investors’s previous dividend of $0.01. The ex-dividend date was Friday, April 5th. This represents a yield of 3.21%. U.S. Global Investors’s payout ratio is 39.13%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent SEC filing. Hedge funds and other institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm manages and launches equity/balanced funds, fixed income funds and other funds.