U.S. Global Investors (NASDAQ:GROW) Issues Earnings Results

U.S. Global Investors (NASDAQ:GROW) issued its quarterly earnings data on Wednesday. The asset manager reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. U.S. Global Investors had a negative return on equity of 0.71% and a negative net margin of 3.95%.

U.S. Global Investors Stock Performance

Shares of GROW stock opened at $2.36 on Thursday. The stock has a 50 day moving average price of $2.57 and a 200 day moving average price of $2.43. U.S. Global Investors has a 52-week low of $2.02 and a 52-week high of $2.78. The firm has a market capitalization of $30.59 million, a P/E ratio of -59.00 and a beta of 1.13.

U.S. Global Investors Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be paid a dividend of $0.0075 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. U.S. Global Investors’s dividend payout ratio (DPR) is currently -225.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of U.S. Global Investors in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.