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 report published on Sunday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

GROW opened at $2.11 on Friday. The company has a market cap of $28.17 million, a price-to-earnings ratio of 70.36 and a beta of 1.90. U.S. Global Investors has a one year low of $2.02 and a one year high of $2.83. The business’s fifty day moving average is $2.31 and its two-hundred day moving average is $2.40.

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

U.S. Global Investors Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 15th will be given a dividend of $0.0075 per share. The ex-dividend date is Monday, April 14th. This represents a dividend yield of 4.31%. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Hedge Funds Weigh In On U.S. Global Investors

Several hedge funds have recently bought and sold shares of GROW. Dimensional Fund Advisors LP boosted its stake in shares of U.S. Global Investors by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after acquiring an additional 4,338 shares during the last quarter. XTX Topco Ltd purchased a new position in U.S. Global Investors in the 4th quarter valued at about $26,000. Samalin Investment Counsel LLC acquired a new stake in shares of U.S. Global Investors during the 4th quarter worth about $41,000. Finally, Gator Capital Management LLC grew its holdings in shares of U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after buying an additional 154,836 shares in the last quarter. Hedge funds and other institutional investors own 23.62% 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.