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

StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note issued to investors on Thursday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Price Performance

GROW opened at $2.44 on Thursday. The company has a market capitalization of $33.01 million, a price-to-earnings ratio of 18.77 and a beta of 1.85. The business’s 50-day moving average price is $2.47 and its two-hundred day moving average price is $2.55. U.S. Global Investors has a 1 year low of $2.38 and a 1 year high of $3.05.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%. The business had revenue of $2.44 million for the quarter.

U.S. Global Investors Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s payout ratio is 69.24%.

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.