U.S. Global Investors (NASDAQ:GROW) Releases Quarterly Earnings Results

U.S. Global Investors (NASDAQ:GROW) posted its quarterly earnings data on Wednesday. The asset manager reported $0.12 EPS for the quarter, Zacks reports. U.S. Global Investors had a negative net margin of 3.95% and a negative return on equity of 0.71%. The business had revenue of $2.25 million during the quarter.

U.S. Global Investors Stock Performance

Shares of GROW traded down $0.05 during mid-day trading on Friday, hitting $2.33. 21,690 shares of the company were exchanged, compared to its average volume of 31,271. U.S. Global Investors has a 1-year low of $2.02 and a 1-year high of $2.78. The stock has a market cap of $30.20 million, a price-to-earnings ratio of -58.25 and a beta of 1.13. The company has a 50 day moving average of $2.57 and a 200-day moving average of $2.43.

U.S. Global Investors Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be given a $0.0075 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 3.9%. U.S. Global Investors’s dividend payout ratio (DPR) is 150.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of U.S. Global Investors in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.