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

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

U.S. Global Investors Trading Down 0.8 %

Shares of GROW opened at $2.45 on Thursday. The firm has a market cap of $33.15 million, a P/E ratio of 18.85 and a beta of 1.82. U.S. Global Investors has a 12 month low of $2.38 and a 12 month high of $2.95. The stock’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.49.

U.S. Global Investors Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.0075 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 3.7%. U.S. Global Investors’s dividend payout ratio is currently 69.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of U.S. Global Investors in a report on Saturday, February 8th. They issued a “hold” rating for the company.

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.