U.S. Global Investors (NASDAQ:GROW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note issued to investors on Saturday. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Price Performance

GROW opened at $2.68 on Friday. The stock has a market cap of $37.87 million, a PE ratio of 11.83 and a beta of 1.96. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.30. The business’s fifty day simple moving average is $2.70 and its 200 day simple moving average is $2.77.

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

U.S. Global Investors Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC acquired a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors at the end of the most recent quarter. 23.62% of the stock is currently owned by 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.