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

Posted by Don Miller on Oct 6th, 2024

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Price Performance

GROW opened at $2.53 on Thursday. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.11. The stock has a market capitalization of $34.61 million, a PE ratio of 21.08 and a beta of 1.83. The firm’s fifty day moving average price is $2.57 and its 200 day moving average price is $2.63.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last issued its earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $2.44 million for the quarter. U.S. Global Investors had a net margin of 12.14% and a return on equity of 2.66%.

U.S. Global Investors Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.56%. U.S. Global Investors’s payout ratio is 75.00%.

Hedge Funds Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

(Get Free Report)

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.