U.S. Global Investors (NASDAQ:GROW) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROWFree Report) in a report issued on Friday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Price Performance

NASDAQ:GROW opened at $2.57 on Friday. The business’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $2.71. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The stock has a market capitalization of $35.75 million, a PE ratio of 21.42 and a beta of 1.96.

U.S. Global Investors Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, September 16th. U.S. Global Investors’s dividend payout ratio is 75.00%.

Institutional Investors Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROWFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing 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. Hedge funds and other institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

(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.

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