U.S. Global Investors (NASDAQ:GROW) Now Covered by StockNews.com

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

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.15 on Tuesday. The company’s 50 day moving average price is $2.24 and its 200 day moving average price is $2.37. U.S. Global Investors has a 52 week low of $2.02 and a 52 week high of $2.75. The company has a market capitalization of $28.64 million, a PE ratio of 71.52 and a beta of 1.90.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Wednesday, February 12th. The asset manager reported ($0.01) 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 firm also recently announced a monthly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Monday, May 12th. U.S. Global Investors’s dividend payout ratio is 300.00%.

Institutional Trading of U.S. Global Investors

Several large investors have recently added to or reduced their stakes in GROW. Samalin Investment Counsel LLC bought a new stake in U.S. Global Investors in the fourth quarter worth approximately $41,000. Gator Capital Management LLC grew its position in U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after acquiring an additional 154,836 shares in the last quarter. XTX Topco Ltd bought a new stake in U.S. Global Investors in the fourth quarter worth approximately $26,000. Finally, Dimensional Fund Advisors LP grew its position in 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 in the last quarter. 23.62% of the stock is owned by institutional investors.

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.