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

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROWFree Report) in a research report report published on Thursday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.69 on Thursday. The stock has a 50-day simple moving average of $2.69 and a 200-day simple moving average of $2.78. The stock has a market capitalization of $38.01 million, a PE ratio of 11.70 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.

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

U.S. Global Investors Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be paid a dividend of $0.0075 per share. This is a boost from U.S. Global Investors’s previous dividend of $0.01. The ex-dividend date is Friday, April 5th. This represents a yield of 3.21%. U.S. Global Investors’s payout ratio is presently 39.13%.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC lifted its stake 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 worth $271,000 after purchasing an additional 3,840 shares during the last quarter. Toroso Investments LLC lifted its stake in U.S. Global Investors by 5.7% during 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 during the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 8,657 shares during the last quarter. Renaissance Technologies LLC lifted its stake 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 worth $254,000 after purchasing an additional 9,547 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in U.S. Global Investors during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for U.S. Global Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Investors and related companies with MarketBeat.com's FREE daily email newsletter.