U.S. Global Investors (NASDAQ:GROW) Earns Hold Rating from Analysts at StockNews.com

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

U.S. Global Investors Stock Down 0.8 %

U.S. Global Investors stock opened at $2.43 on Thursday. U.S. Global Investors has a 52-week low of $2.38 and a 52-week high of $3.11. The company has a fifty day simple moving average of $2.48 and a 200-day simple moving average of $2.55. The firm has a market capitalization of $32.88 million, a price-to-earnings ratio of 18.69 and a beta of 1.85.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%. The firm had revenue of $2.44 million during the quarter.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.0075 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, December 16th. U.S. Global Investors’s dividend payout ratio is currently 69.24%.

About U.S. Global Investors

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.