U.S. Global Investors (NASDAQ:GROW) Coverage Initiated by Analysts at StockNews.com

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

U.S. Global Investors Trading Down 1.1 %

Shares of NASDAQ GROW opened at $2.64 on Monday. The business’s 50 day moving average is $2.71 and its 200-day moving average is $2.76. The firm has a market cap of $37.30 million, a P/E ratio of 22.00 and a beta of 1.96. U.S. Global Investors has a 1-year low of $2.47 and a 1-year high of $3.30.

U.S. Global Investors Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a $0.0075 dividend. The ex-dividend date of this dividend was Friday, April 5th. This is an increase from U.S. Global Investors’s previous dividend of $0.01. This represents a dividend yield of 3.21%. U.S. Global Investors’s dividend payout ratio is 75.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) in the 4th quarter, according to its most recent filing 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.