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

U.S. Global Investors, Inc. (NASDAQ:GROW) declared a monthly dividend on Friday, December 5th. Shareholders of record on Monday, January 12th will be given a dividend of 0.0075 per share by the asset manager on Monday, January 26th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, January 12th.

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

U.S. Global Investors Price Performance

Shares of GROW opened at $2.45 on Friday. The company has a market capitalization of $31.75 million, a P/E ratio of 40.84 and a beta of 0.63. U.S. Global Investors has a one year low of $2.02 and a one year high of $2.78. The business’s 50 day simple moving average is $2.42 and its 200-day simple moving average is $2.48.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, November 12th. The asset manager reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $2.25 million for the quarter. U.S. Global Investors had a net margin of 10.04% and a return on equity of 1.86%.

Institutional Trading of U.S. Global Investors

Hedge funds have recently bought and sold shares of the stock. Gator Capital Management LLC grew its holdings in shares of U.S. Global Investors by 2.4% in the 3rd quarter. Gator Capital Management LLC now owns 700,884 shares of the asset manager’s stock valued at $1,927,000 after acquiring an additional 16,661 shares in the last quarter. Kanen Wealth Management LLC acquired a new position in U.S. Global Investors during the second quarter valued at approximately $1,179,000. CWA Asset Management Group LLC grew its stake in U.S. Global Investors by 66.4% in the fourth quarter. CWA Asset Management Group LLC now owns 421,390 shares of the asset manager’s stock valued at $1,016,000 after purchasing an additional 168,176 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of U.S. Global Investors by 108.2% during the 3rd quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after purchasing an additional 48,871 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after purchasing an additional 14,938 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.