StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

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

U.S. Global Investors Stock Performance

U.S. Global Investors stock opened at $2.43 on Wednesday. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $3.11. The firm has a market capitalization of $32.88 million, a price-to-earnings ratio of 18.69 and a beta of 1.85. The company has a 50 day moving average price of $2.48 and a 200 day moving average price of $2.56.

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

U.S. Global Investors Announces Dividend

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

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.