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

Posted by Kyle Jackson on Sep 4th, 2024

StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a report published on Sunday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.54 on Friday. The stock has a market capitalization of $35.33 million, a PE ratio of 21.17 and a beta of 1.83. U.S. Global Investors has a 1 year low of $2.47 and a 1 year high of $3.11. The company’s 50-day simple moving average is $2.60 and its 200-day simple moving average is $2.64.

U.S. Global Investors Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.54%. U.S. Global Investors’s dividend payout ratio is presently 75.00%.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors as of its most recent SEC filing. 23.62% of the stock is currently owned by institutional investors.

About U.S. Global Investors

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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.