U.S. Global Investors, Inc. (NASDAQ:GROW) Plans $0.01 Monthly Dividend

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Tuesday, September 15th. Shareholders of record on Monday, November 16th will be given a dividend of 0.0075 per share by the asset manager on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 16th.

U.S. Global Investors has increased its dividend by an average of 0.2%annually over the last three years.

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock opened at $2.98 on Wednesday. U.S. Global Investors has a 1-year low of $2.23 and a 1-year high of $3.65. The company has a market capitalization of $36.65 million, a PE ratio of 11.92 and a beta of 0.68. The business has a 50-day moving average of $3.06 and a 200-day moving average of $2.92.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Thursday, September 3rd. The asset manager reported ($0.03) EPS for the quarter. The business had revenue of $2.73 million during the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of U.S. Global Investors by 9.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 5,056 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of U.S. Global Investors by 24.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after purchasing an additional 10,785 shares during the last quarter. Renaissance Technologies LLC lifted its stake in U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock valued at $478,000 after buying an additional 21,100 shares during the last quarter. North Star Investment Management Corp. grew its position in shares of U.S. Global Investors by 3,590.9% during the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock worth $1,007,000 after acquiring an additional 395,000 shares during the last quarter. Finally, Gator Capital Management LLC lifted its position in U.S. Global Investors by 18.9% in the 4th quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock valued at $2,008,000 after purchasing an additional 132,207 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.