U.S. Global Investors (NASDAQ:GROW) Coverage Initiated by Analysts at StockNews.com

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

U.S. Global Investors Price Performance

U.S. Global Investors stock opened at $2.12 on Friday. The business has a 50 day moving average of $2.36 and a 200-day moving average of $2.42. U.S. Global Investors has a 1 year low of $2.05 and a 1 year high of $2.90. The company has a market capitalization of $28.31 million, a P/E ratio of 70.69 and a beta of 1.80.

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

U.S. Global Investors Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, April 14th. U.S. Global Investors’s payout ratio is presently 300.00%.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently made changes to their positions in GROW. Dimensional Fund Advisors LP lifted its stake in shares of 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 during the period. XTX Topco Ltd bought a new position in U.S. Global Investors during the 4th quarter worth approximately $26,000. Gator Capital Management LLC lifted its position in shares of U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after purchasing an additional 154,836 shares during the period. Finally, Samalin Investment Counsel LLC bought a new stake in shares of U.S. Global Investors in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.