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

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

U.S. Global Investors Stock Up 0.8 %

Shares of NASDAQ:GROW opened at $2.45 on Thursday. U.S. Global Investors has a twelve month low of $2.38 and a twelve month high of $2.95. The stock’s 50 day moving average is $2.43 and its 200-day moving average is $2.50. The firm has a market capitalization of $33.15 million, a price-to-earnings ratio of 18.85 and a beta of 1.83.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings data on Thursday, November 7th. The asset manager reported $0.02 earnings per share for the quarter. The firm had revenue of $2.16 million for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, January 14th will be given a dividend of $0.0075 per share. The ex-dividend date is Monday, January 13th. This represents a dividend yield of 3.7%. U.S. Global Investors’s payout ratio is 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.