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 report released on Thursday morning. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Up 2.2 %

GROW stock opened at $2.32 on Thursday. U.S. Global Investors has a 52 week low of $2.20 and a 52 week high of $2.95. The company has a market cap of $30.98 million, a price-to-earnings ratio of 77.36 and a beta of 1.80. The business has a fifty day simple moving average of $2.39 and a 200-day simple moving average of $2.44.

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 return on equity of 1.05% and a net margin of 5.40%.

U.S. Global Investors Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, April 14th will be issued a dividend of $0.0075 per share. The ex-dividend date is Monday, April 14th. This represents a $0.09 annualized dividend and a yield of 3.88%. U.S. Global Investors’s payout ratio is 300.00%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GROW. XTX Topco Ltd bought a new position in shares of U.S. Global Investors in the fourth quarter valued at $26,000. Samalin Investment Counsel LLC bought a new position in shares of U.S. Global Investors in the fourth quarter valued at $41,000. Dimensional Fund Advisors LP increased its holdings in shares of U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after buying an additional 4,338 shares in the last quarter. Finally, Gator Capital Management LLC increased its holdings in shares of U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares in the last quarter. Institutional investors 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.