U.S. Global Investors (NASDAQ:GROW) Releases Earnings Results

U.S. Global Investors (NASDAQ:GROW) released its earnings results on Thursday. The asset manager reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $2.73 million during the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.68%.

U.S. Global Investors Trading Down 8.9%

GROW stock opened at $2.98 on Friday. The company’s 50 day moving average is $3.09 and its 200 day moving average is $2.94. The stock has a market cap of $36.95 million, a price-to-earnings ratio of 11.92 and a beta of 0.68. U.S. Global Investors has a 1-year low of $2.23 and a 1-year high of $3.65.

U.S. Global Investors Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 3.0%. U.S. Global Investors’s payout ratio is presently 34.62%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Hedge Funds Weigh In On U.S. Global Investors

A number of hedge funds and other institutional investors have recently modified their holdings of GROW. Citadel Advisors LLC lifted its stake in U.S. Global Investors by 52.1% in the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after purchasing an additional 14,938 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares during the period. Rothschild Wealth LLC bought a new stake in U.S. Global Investors during the 4th quarter valued at $1,260,000. Finally, Sandia Investment Management LP purchased a new stake in U.S. Global Investors during the 4th quarter valued at $106,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.