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

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

U.S. Global Investors Trading Down 1.1 %

U.S. Global Investors stock opened at $2.64 on Monday. The firm has a 50-day moving average price of $2.71 and a 200-day moving average price of $2.76. The firm has a market capitalization of $37.30 million, a PE ratio of 22.00 and a beta of 1.96. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30.

U.S. Global Investors Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a $0.0075 dividend. This represents a yield of 3.21%. The ex-dividend date was Friday, April 5th. This is an increase from U.S. Global Investors’s previous dividend of $0.01. U.S. Global Investors’s dividend payout ratio (DPR) is currently 75.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors at the end of the most recent reporting period. 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.