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

U.S. Global Investors (NASDAQ:GROW) released its quarterly earnings data on Wednesday. The asset manager reported ($0.01) EPS for the quarter, Zacks reports. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

U.S. Global Investors Stock Down 0.8 %

Shares of GROW traded down $0.02 during trading hours on Wednesday, reaching $2.45. 13,539 shares of the company traded hands, compared to its average volume of 25,755. The stock has a fifty day simple moving average of $2.43 and a 200 day simple moving average of $2.49. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $2.95. The stock has a market capitalization of $33.15 million, a PE ratio of 18.85 and a beta of 1.82.

U.S. Global Investors Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were issued a $0.0075 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 3.7%. U.S. Global Investors’s dividend payout ratio (DPR) is 69.24%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of U.S. Global Investors in a report on Saturday. They issued a “hold” rating on the 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.