U.S. Global Investors (NASDAQ:GROW) Now Covered by Analysts at StockNews.com

Posted by Anthony Miller on Nov 8th, 2024

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a research report released on Monday. The firm issued a hold rating on the asset manager’s stock.

U.S. Global Investors Trading Down 1.2 %

Shares of GROW opened at $2.46 on Monday. The company’s 50 day simple moving average is $2.51 and its 200-day simple moving average is $2.58. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $3.11. The firm has a market cap of $33.65 million, a PE ratio of 24.60 and a beta of 1.85.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. U.S. Global Investors had a net margin of 12.14% and a return on equity of 2.66%. The company had revenue of $2.44 million for the quarter.

U.S. Global Investors Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.66%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 90.00%.

About U.S. Global Investors

(Get Free Report)

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.