StockNews.com Initiates Coverage on U.S. Global Investors (NASDAQ:GROW)

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

U.S. Global Investors Stock Performance

Shares of NASDAQ:GROW opened at $2.24 on Wednesday. The firm has a fifty day moving average price of $2.41 and a 200 day moving average price of $2.46. U.S. Global Investors has a fifty-two week low of $2.22 and a fifty-two week high of $2.95. The firm has a market cap of $29.91 million, a price-to-earnings ratio of 74.69 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

U.S. Global Investors Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were paid a $0.0075 dividend. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, January 13th. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in U.S. Global Investors by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after buying an additional 4,338 shares during the period. XTX Topco Ltd bought a new stake in shares of U.S. Global Investors in the 4th quarter valued at about $26,000. Samalin Investment Counsel LLC bought a new stake in shares of U.S. Global Investors in the 4th quarter valued at about $41,000. Finally, Gator Capital Management LLC boosted its stake in U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after purchasing an additional 154,836 shares in the last quarter. Hedge funds and other institutional investors 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.