U.S. Global Investors (NASDAQ:GROW) Coverage Initiated by Analysts at StockNews.com

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

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.08 on Friday. U.S. Global Investors has a 52-week low of $2.02 and a 52-week high of $2.90. The firm has a market cap of $27.77 million, a price-to-earnings ratio of 69.36 and a beta of 1.90. The business’s fifty day moving average is $2.35 and its 200-day moving average is $2.42.

U.S. Global Investors (NASDAQ:GROW) last released its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 14th will be paid a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 4.33%. The ex-dividend date is Monday, April 14th. U.S. Global Investors’s payout ratio is 300.00%.

Institutional Trading of U.S. Global Investors

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of U.S. Global Investors by 7.5% during the fourth 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. XTX Topco Ltd bought a new stake in U.S. Global Investors during the 4th quarter worth $26,000. Samalin Investment Counsel LLC acquired a new position in U.S. Global Investors in the 4th quarter worth about $41,000. Finally, Gator Capital Management LLC increased its holdings in 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 worth $1,100,000 after purchasing an additional 154,836 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.