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

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report published on Saturday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Up 5.5 %

NASDAQ:GROW opened at $2.94 on Friday. The firm has a market capitalization of $43.81 million, a price-to-earnings ratio of 13.36 and a beta of 1.99. U.S. Global Investors has a twelve month low of $2.41 and a twelve month high of $3.30. The stock’s 50 day moving average price is $2.82 and its two-hundred day moving average price is $2.90.

U.S. Global Investors Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be given a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Friday, December 8th. U.S. Global Investors’s dividend payout ratio (DPR) is 40.91%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC acquired a new position in shares of U.S. Global Investors during the 2nd quarter worth approximately $32,000. Morgan Stanley increased its holdings in shares of U.S. Global Investors by 208,833.3% during the 4th quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock worth $36,000 after acquiring an additional 12,530 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of U.S. Global Investors during the 2nd quarter worth approximately $96,000. Formidable Asset Management LLC increased its holdings in shares of U.S. Global Investors by 16.7% during the 1st quarter. Formidable Asset Management LLC now owns 37,300 shares of the asset manager’s stock worth $100,000 after acquiring an additional 5,350 shares during the last quarter. Finally, EA Series Trust acquired a new position in shares of U.S. Global Investors during the 2nd quarter worth approximately $113,000. Institutional investors and hedge funds own 25.20% of the company’s stock.

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.