U.S. Global Investors (NASDAQ:GROW) Posts Earnings Results

U.S. Global Investors (NASDAQ:GROW) released its quarterly earnings results on Thursday. The asset manager reported ($0.03) EPS for the quarter, Zacks reports. U.S. Global Investors had a return on equity of 6.92% and a net margin of 33.29%.

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW traded up $0.04 on Thursday, hitting $3.27. 29,796 shares of the company’s stock were exchanged, compared to its average volume of 37,651. U.S. Global Investors has a 12 month low of $2.23 and a 12 month high of $3.65. The stock has a market capitalization of $40.56 million, a price-to-earnings ratio of 12.58 and a beta of 0.68. The business’s 50 day simple moving average is $3.09 and its two-hundred day simple moving average is $2.94.

U.S. Global Investors Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 28th. Shareholders of record on Monday, September 14th will be paid a $0.0075 dividend. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a yield of 2.8%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 34.62%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, U.S. Global Investors has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sandia Investment Management LP purchased a new stake in shares of U.S. Global Investors in the 4th quarter worth approximately $106,000. Citadel Advisors LLC increased its holdings in U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after buying an additional 14,938 shares during the period. Susquehanna International Group LLP raised its stake in U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after buying an additional 48,871 shares in the last quarter. Finally, Rothschild Wealth LLC bought a new position in U.S. Global Investors in the fourth quarter worth approximately $1,260,000. 23.62% of the stock is currently owned by institutional investors.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.