U.S. Global Investors (NASDAQ:GROW) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report released on Tuesday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Price Performance

U.S. Global Investors stock opened at $2.14 on Tuesday. The stock’s 50-day moving average is $2.23 and its 200-day moving average is $2.37. The company has a market cap of $28.57 million, a price-to-earnings ratio of 71.36 and a beta of 1.90. U.S. Global Investors has a 12 month low of $2.02 and a 12 month high of $2.74.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings data on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

U.S. Global Investors Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a $0.0075 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 4.21%. U.S. Global Investors’s dividend payout ratio (DPR) is 300.00%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds have recently modified their holdings of GROW. XTX Topco Ltd purchased a new stake in shares of U.S. Global Investors during the 4th quarter valued at about $26,000. Samalin Investment Counsel LLC purchased a new stake in shares of U.S. Global Investors during the 4th quarter valued at about $41,000. Dimensional Fund Advisors LP raised its holdings in shares of U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after buying an additional 4,338 shares during the period. Finally, Gator Capital Management LLC raised its holdings in shares of U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares during the period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Global Investors Company Profile

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.