U.S. Global Investors (NASDAQ:GROW) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note issued to investors on Friday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Price Performance

GROW opened at $2.27 on Friday. The firm has a market capitalization of $30.31 million, a P/E ratio of 75.69 and a beta of 1.80. U.S. Global Investors has a one year low of $2.20 and a one year high of $2.95. The company has a fifty day moving average price of $2.38 and a 200-day moving average price of $2.43.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

U.S. Global Investors Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 14th will be given a $0.0075 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Monday, April 14th. U.S. Global Investors’s dividend payout ratio (DPR) is 300.00%.

Institutional Investors Weigh In On U.S. Global Investors

Hedge funds have recently bought and sold shares of the stock. Gator Capital Management LLC raised its position in shares of U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares in the last quarter. Dimensional Fund Advisors LP grew its position in U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after acquiring an additional 4,338 shares in the last quarter. Samalin Investment Counsel LLC bought a new position in U.S. Global Investors in the fourth quarter valued at $41,000. Finally, XTX Topco Ltd purchased a new stake in U.S. Global Investors during the fourth quarter valued at about $26,000. 23.62% of the stock is currently owned by institutional investors.

U.S. Global Investors Company Profile

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.