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

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Tuesday, September 15th. Stockholders of record on Monday, October 12th will be given a dividend of 0.0075 per share by the asset manager on Monday, October 26th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 9th.

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

U.S. Global Investors Stock Up 0.7%

Shares of NASDAQ:GROW opened at $2.98 on Wednesday. The stock has a market capitalization of $36.65 million, a PE ratio of 11.92 and a beta of 0.68. The firm’s 50 day moving average price is $3.06 and its 200-day moving average price is $2.92. U.S. Global Investors has a twelve month low of $2.23 and a twelve month high of $3.65.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Thursday, September 3rd. The asset manager reported ($0.03) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 29.81% and a return on equity of 6.70%. The business had revenue of $2.73 million for the quarter.

Institutional Investors Weigh In On U.S. Global Investors

A number of institutional investors and hedge funds have recently bought and sold shares of GROW. Gator Capital Management LLC grew its position in shares of U.S. Global Investors by 18.9% during the fourth quarter. Gator Capital Management LLC now owns 833,091 shares of the asset manager’s stock worth $2,008,000 after purchasing an additional 132,207 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of U.S. Global Investors by 3,590.9% during the first quarter. North Star Investment Management Corp. now owns 406,000 shares of the asset manager’s stock valued at $1,007,000 after buying an additional 395,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of U.S. Global Investors by 12.3% in the first quarter. Renaissance Technologies LLC now owns 192,715 shares of the asset manager’s stock worth $478,000 after buying an additional 21,100 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of U.S. Global Investors by 24.6% during the second quarter. Proficio Capital Partners LLC now owns 54,578 shares of the asset manager’s stock worth $170,000 after acquiring an additional 10,785 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in U.S. Global Investors by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 5,056 shares in the last quarter. 23.62% of the stock is owned by institutional investors.

U.S. Global Investors Company Profile

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.