U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

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

U.S. Global Investors Price Performance

Shares of NASDAQ GROW opened at $2.57 on Wednesday. The stock has a fifty day moving average price of $2.58 and a 200 day moving average price of $2.63. U.S. Global Investors has a 1-year low of $2.47 and a 1-year high of $3.11. The company has a market cap of $35.16 million, a PE ratio of 21.42 and a beta of 1.83.

U.S. Global Investors Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.0075 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s payout ratio is 75.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC acquired a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent SEC filing. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

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.