U.S. Global Investors (NASDAQ:GROW) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report published on Tuesday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW opened at $2.31 on Tuesday. U.S. Global Investors has a fifty-two week low of $2.27 and a fifty-two week high of $2.95. The stock has a market cap of $30.84 million, a price-to-earnings ratio of 77.03 and a beta of 1.82. The firm’s 50-day simple moving average is $2.43 and its 200 day simple moving average is $2.47.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

U.S. Global Investors Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were given a $0.0075 dividend. The ex-dividend date was Monday, January 13th. This represents a yield of 3.7%. U.S. Global Investors’s payout ratio is 300.00%.

Hedge Funds Weigh In On U.S. Global Investors

Several hedge funds have recently modified their holdings of GROW. Samalin Investment Counsel LLC bought a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $41,000. Gator Capital Management LLC lifted its position in shares of U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after buying an additional 154,836 shares in the last quarter. XTX Topco Ltd bought a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $26,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after buying an additional 4,338 shares in the last quarter. Institutional investors 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.