U.S. Global Investors (NASDAQ:GROW) Coverage Initiated by Analysts at StockNews.com

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

U.S. Global Investors Price Performance

Shares of GROW opened at $2.46 on Friday. The stock has a market capitalization of $33.27 million, a PE ratio of 18.92 and a beta of 1.83. The business’s fifty day moving average price is $2.43 and its 200 day moving average price is $2.50. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings results on Thursday, November 7th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%. The company had revenue of $2.16 million for the quarter.

U.S. Global Investors Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.0075 per share. This represents a dividend yield of 3.7%. The ex-dividend date was Monday, January 13th. U.S. Global Investors’s payout ratio is 69.23%.

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.