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

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report issued on Thursday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Down 0.4 %

Shares of GROW opened at $2.27 on Thursday. The stock has a market capitalization of $30.31 million, a P/E ratio of 75.69 and a beta of 1.80. The firm has a fifty day simple moving average of $2.39 and a two-hundred day simple moving average of $2.44. U.S. Global Investors has a twelve month low of $2.20 and a twelve month high of $2.95.

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

U.S. Global Investors Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 14th will be issued a $0.0075 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.09 annualized dividend and a yield of 3.96%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 300.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Gator Capital Management LLC increased its stake in shares of 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 acquiring an additional 154,836 shares in the last quarter. Samalin Investment Counsel LLC bought a new position in shares of U.S. Global Investors in the 4th quarter worth about $41,000. XTX Topco Ltd bought a new position in shares of U.S. Global Investors in the 4th quarter worth about $26,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 4,338 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors.

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.