StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the asset manager’s stock.
U.S. Global Investors Stock Performance
Shares of U.S. Global Investors stock opened at $2.43 on Friday. The firm has a market capitalization of $32.87 million, a PE ratio of 18.69 and a beta of 1.83. The firm’s 50 day moving average is $2.44 and its 200 day moving average is $2.53. U.S. Global Investors has a 1 year low of $2.38 and a 1 year high of $3.05.
U.S. Global Investors Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Monday, January 13th will be paid a $0.0075 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, January 13th. U.S. Global Investors’s payout ratio is 69.23%.
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.
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