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

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

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW opened at $2.76 on Tuesday. U.S. Global Investors has a fifty-two week low of $2.41 and a fifty-two week high of $3.30. The company has a 50 day simple moving average of $2.84 and a two-hundred day simple moving average of $2.89. The company has a market capitalization of $41.12 million, a price-to-earnings ratio of 13.80 and a beta of 2.02.

U.S. Global Investors (NASDAQ:GROWGet Free Report) last announced its earnings results on Thursday, December 14th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a net margin of 20.78% and a return on equity of 5.51%. The business had revenue of $3.13 million for the quarter.

U.S. Global Investors Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 12th will be paid a dividend of $0.007 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, February 9th. U.S. Global Investors’s dividend payout ratio is 45.00%.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of U.S. Global Investors by 2.7% during the third quarter. Vanguard Group Inc. now owns 624,831 shares of the asset manager’s stock valued at $1,781,000 after acquiring an additional 16,687 shares in the last quarter. BlackRock Inc. increased its position in shares of U.S. Global Investors by 25.6% during the first quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock valued at $906,000 after acquiring an additional 69,281 shares in the last quarter. Toroso Investments LLC increased its position in shares of U.S. Global Investors by 5.7% during the first quarter. Toroso Investments LLC now owns 101,821 shares of the asset manager’s stock valued at $269,000 after acquiring an additional 5,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of U.S. Global Investors by 47.8% during the third quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 26,848 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of U.S. Global Investors by 13.0% during the second quarter. Renaissance Technologies LLC now owns 82,915 shares of the asset manager’s stock valued at $254,000 after acquiring an additional 9,547 shares in the last quarter. Institutional investors own 25.20% of the company’s stock.

U.S. Global Investors Company Profile

(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.

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