StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note published on Thursday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Up 2.2 %

U.S. Global Investors stock opened at $2.32 on Thursday. The company’s fifty day simple moving average is $2.39 and its 200-day simple moving average is $2.44. U.S. Global Investors has a 12 month low of $2.20 and a 12 month high of $2.95. The stock has a market cap of $30.98 million, a P/E ratio of 77.36 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Monday, April 14th. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently modified their holdings of GROW. Gator Capital Management LLC lifted its stake in shares of U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of U.S. Global Investors by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares during the last quarter. Samalin Investment Counsel LLC acquired a new stake in shares of U.S. Global Investors in the 4th quarter valued at $41,000. Finally, XTX Topco Ltd acquired a new stake in shares of U.S. Global Investors in the 4th quarter valued at $26,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.