U.S. Global Investors (NASDAQ:GROW) Issues Earnings Results

U.S. Global Investors (NASDAQ:GROW) released its quarterly earnings results on Thursday. The asset manager reported ($0.03) earnings per share for the quarter, Zacks reports. U.S. Global Investors had a net margin of 33.29% and a return on equity of 6.92%.

U.S. Global Investors Stock Performance

NASDAQ:GROW traded up $0.04 during trading hours on Thursday, reaching $3.27. The company’s stock had a trading volume of 28,763 shares, compared to its average volume of 37,632. The firm has a market capitalization of $40.56 million, a price-to-earnings ratio of 12.58 and a beta of 0.68. The firm has a 50-day simple moving average of $3.09 and a 200-day simple moving average of $2.94. U.S. Global Investors has a 1 year low of $2.23 and a 1 year high of $3.65.

U.S. Global Investors Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be given a $0.0075 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 14th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 34.62%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Hedge Funds Weigh In On U.S. Global Investors

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC boosted its stake in shares of 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 purchased a new position in shares of U.S. Global Investors in the fourth quarter worth $106,000. Susquehanna International Group LLP raised its holdings in 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 valued at $259,000 after buying an additional 48,871 shares during the last quarter. Finally, Rothschild Wealth LLC purchased a new stake in U.S. Global Investors during the 4th quarter valued at $1,260,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.