U.S. Global Investors (NASDAQ:GROW) Now Covered by Analysts at StockNews.com

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

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock opened at $2.75 on Monday. The company has a market capitalization of $38.79 million, a P/E ratio of 11.93 and a beta of 1.97. U.S. Global Investors has a 1-year low of $2.47 and a 1-year high of $3.30. The business’s fifty day moving average price is $2.70 and its two-hundred day moving average price is $2.79.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%. The company had revenue of $2.82 million for the quarter.

U.S. Global Investors Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be issued a dividend of $0.007 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, April 5th. U.S. Global Investors’s dividend payout ratio is currently 39.13%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bridgeway Capital Management LLC raised its position in U.S. Global Investors by 4.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 96,093 shares of the asset manager’s stock valued at $271,000 after acquiring an additional 3,840 shares in the last quarter. Toroso Investments LLC boosted its holdings in U.S. Global Investors by 5.7% in the first quarter. Toroso Investments LLC now owns 101,821 shares of the asset manager’s stock worth $269,000 after purchasing an additional 5,500 shares in the last quarter. Vanguard Group Inc. increased its position in U.S. Global Investors by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 633,488 shares of the asset manager’s stock worth $1,786,000 after buying an additional 8,657 shares during the last quarter. Renaissance Technologies LLC raised its holdings in U.S. Global Investors by 13.0% during the second quarter. Renaissance Technologies LLC now owns 82,915 shares of the asset manager’s stock valued at $254,000 after buying an additional 9,547 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new stake in shares of U.S. Global Investors in the second quarter worth about $32,000. 23.62% of the stock is owned by institutional investors and hedge funds.

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.