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

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

U.S. Global Investors Stock Down 0.4 %

Shares of GROW stock opened at $2.69 on Friday. The company has a 50 day moving average price of $2.70 and a 200-day moving average price of $2.78. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.30. The firm has a market capitalization of $38.01 million, a PE ratio of 11.70 and a beta of 1.97.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.09 EPS for the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%. The firm had revenue of $2.82 million during the quarter.

U.S. Global Investors Increases Dividend

The business also recently declared a dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a $0.0075 dividend. The ex-dividend date of this dividend was Friday, April 5th. This is a positive change from U.S. Global Investors’s previous dividend of $0.01. This represents a dividend yield of 3.21%. U.S. Global Investors’s payout ratio is currently 39.13%.

Institutional Trading of U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors at the end of the most recent quarter. 23.62% of the stock is currently owned by institutional investors.

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.