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

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

U.S. Global Investors Stock Performance

GROW stock opened at $2.27 on Friday. U.S. Global Investors has a 1 year low of $2.20 and a 1 year high of $2.95. The stock has a market capitalization of $30.31 million, a price-to-earnings ratio of 75.69 and a beta of 1.80. The stock’s fifty day moving average is $2.38 and its two-hundred day moving average is $2.43.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings data on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 14th will be given a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 3.96%. The ex-dividend date is Monday, April 14th. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GROW. Gator Capital Management LLC raised its stake in shares of U.S. Global Investors by 52.3% during the fourth 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. Samalin Investment Counsel LLC acquired a new position in U.S. Global Investors during the 4th quarter valued at about $41,000. XTX Topco Ltd acquired a new position in U.S. Global Investors during the 4th quarter valued at about $26,000. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 worth $151,000 after buying an additional 4,338 shares in the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.