StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a report issued on Monday morning. The brokerage issued a hold rating on the asset manager’s stock.
U.S. Global Investors Stock Down 1.2 %
Shares of NASDAQ GROW opened at $2.42 on Monday. The firm’s 50-day moving average price is $2.44 and its 200-day moving average price is $2.52. U.S. Global Investors has a 52-week low of $2.38 and a 52-week high of $2.95. The company has a market cap of $32.73 million, a PE ratio of 18.62 and a beta of 1.83.
U.S. Global Investors Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 13th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.72%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 69.23%.
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.
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