U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

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

U.S. Global Investors Trading Down 0.4 %

GROW opened at $2.69 on Friday. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30. The firm has a market capitalization of $38.01 million, a PE ratio of 11.70 and a beta of 1.97. The firm has a 50 day moving average of $2.70 and a two-hundred day moving average of $2.78.

U.S. Global Investors (NASDAQ:GROW) last posted 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 net margin of 25.04% and a return on equity of 6.24%. The company had revenue of $2.82 million during the quarter.

U.S. Global Investors Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a dividend of $0.0075 per share. The ex-dividend date was Friday, April 5th. This is a positive change from U.S. Global Investors’s previous dividend of $0.01. This represents a yield of 3.21%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 39.13%.

Hedge Funds Weigh In On U.S. Global Investors

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