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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Friday, December 5th. Investors of record on Monday, March 16th will be paid a dividend of 0.0075 per share by the asset manager on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, March 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 Trading Down 0.6%

Shares of NASDAQ GROW opened at $3.23 on Friday. U.S. Global Investors has a 1 year low of $2.02 and a 1 year high of $3.65. The firm’s 50-day moving average is $3.02 and its 200-day moving average is $2.68. The firm has a market capitalization of $41.86 million, a PE ratio of -323,000.00 and a beta of 0.60.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings results on Friday, February 20th. The asset manager reported ($0.07) earnings per share for the quarter. U.S. Global Investors had a return on equity of 0.22% and a net margin of 1.11%.The business had revenue of $2.51 million for the quarter.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors have recently modified their holdings of the stock. Samalin Investment Counsel LLC acquired a new stake in shares of U.S. Global Investors in the 3rd quarter valued at approximately $92,000. MAI Capital Management acquired a new position in U.S. Global Investors during the third quarter valued at approximately $102,000. Citadel Advisors LLC grew its holdings in U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 14,938 shares during the period. Sandia Investment Management LP bought a new stake in U.S. Global Investors in the fourth quarter valued at approximately $106,000. Finally, Susquehanna International Group LLP increased its stake in U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock valued at $259,000 after purchasing an additional 48,871 shares in 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.