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 released on Saturday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Trading Down 1.9 %

GROW stock opened at $2.08 on Friday. The business’s 50 day simple moving average is $2.35 and its 200 day simple moving average is $2.42. U.S. Global Investors has a 1-year low of $2.02 and a 1-year high of $2.90. The firm has a market capitalization of $27.77 million, a PE ratio of 69.36 and a beta of 1.90.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings data 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 14th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.09 annualized dividend and a yield of 4.33%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 300.00%.

Hedge Funds Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently made changes to their positions in GROW. XTX Topco Ltd acquired a new stake in U.S. Global Investors during the 4th quarter worth approximately $26,000. Samalin Investment Counsel LLC acquired a new stake in shares of U.S. Global Investors during the fourth quarter worth $41,000. Dimensional Fund Advisors LP lifted its holdings in shares of U.S. Global Investors by 7.5% during the fourth 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. Finally, Gator Capital Management LLC boosted its position 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 acquiring an additional 154,836 shares during the period. 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.