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

U.S. Global Investors, Inc. (NASDAQ:GROWGet Free Report) announced a monthly dividend on Wednesday, March 6th, Zacks reports. Investors of record on Monday, April 8th will be paid a dividend of 0.007 per share by the asset manager on Monday, April 22nd. This represents a $0.08 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, April 5th.

U.S. Global Investors has raised its dividend by an average of 44.2% per year over the last three years.

U.S. Global Investors Stock Up 5.4 %

Shares of GROW stock opened at $2.93 on Wednesday. The firm has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $2.79. The company has a market capitalization of $41.40 million, a PE ratio of 12.74 and a beta of 1.97. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30.

U.S. Global Investors (NASDAQ:GROWGet Free Report) last announced its earnings results on Thursday, February 8th. The asset manager reported $0.09 EPS for the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%. The company had revenue of $2.82 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of U.S. Global Investors in a research note on Tuesday. They issued a “hold” rating on the stock.

Check Out Our Latest Stock Analysis on GROW

Hedge Funds Weigh In On U.S. Global Investors

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in U.S. Global Investors by 25.6% in the first quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock valued at $906,000 after buying an additional 69,281 shares during the period. Renaissance Technologies LLC raised its holdings in shares of U.S. Global Investors by 77.5% during the first quarter. Renaissance Technologies LLC now owns 73,368 shares of the asset manager’s stock valued at $196,000 after purchasing an additional 32,045 shares during the period. Millennium Management LLC raised its holdings in shares of U.S. Global Investors by 150.8% during the fourth quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 29,738 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of U.S. Global Investors by 47.8% during the third quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 26,848 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of U.S. Global Investors during the second quarter valued at about $96,000. Institutional investors and hedge funds 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.

See Also

Dividend History for U.S. Global Investors (NASDAQ:GROW)

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