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

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of NASDAQ:GROW opened at $2.24 on Wednesday. The company has a market cap of $29.84 million, a P/E ratio of 74.52 and a beta of 1.80. U.S. Global Investors has a one year low of $2.20 and a one year high of $2.95. The business’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.45.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results 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 disclosed a dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.0075 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 3.7%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 300.00%.

Institutional Investors Weigh In On U.S. Global Investors

A number of hedge funds have recently bought and sold shares of the business. Gator Capital Management LLC grew its stake in U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares in the last quarter. Samalin Investment Counsel LLC acquired a new stake in U.S. Global Investors during the 4th quarter valued at approximately $41,000. Finally, XTX Topco Ltd acquired a new stake in U.S. Global Investors during the 4th quarter valued at approximately $26,000. Institutional investors and hedge funds 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.