U.S. Global Investors (NASDAQ:GROW) Earns Hold Rating from Analysts at StockNews.com

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

U.S. Global Investors Price Performance

GROW stock opened at $2.60 on Friday. The company has a market capitalization of $36.73 million, a P/E ratio of 11.30 and a beta of 1.97. U.S. Global Investors has a 12 month low of $2.46 and a 12 month high of $3.30. The firm’s fifty day simple moving average is $2.72 and its 200-day simple moving average is $2.81.

U.S. Global Investors (NASDAQ:GROWGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.09 EPS for the quarter. The company had revenue of $2.82 million for the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%.

U.S. Global Investors Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.007 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, April 5th. U.S. Global Investors’s payout ratio is presently 39.13%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds have recently modified their holdings of GROW. Bank of Montreal Can acquired a new position in U.S. Global Investors in the 2nd quarter worth about $218,000. BlackRock Inc. lifted its position in shares of U.S. Global Investors by 25.6% during the 1st quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock valued at $906,000 after buying an additional 69,281 shares in the last quarter. Vima LLC acquired a new stake in U.S. Global Investors in the 4th quarter valued at $117,000. Renaissance Technologies LLC increased its holdings in U.S. Global Investors by 77.5% in the 1st quarter. Renaissance Technologies LLC now owns 73,368 shares of the asset manager’s stock worth $196,000 after acquiring an additional 32,045 shares in the last quarter. Finally, Millennium Management LLC raised its position in U.S. Global Investors by 150.8% during the fourth quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock worth $143,000 after acquiring an additional 29,738 shares during the period. 25.20% of the stock is owned by hedge funds and other institutional investors.

About U.S. Global Investors

(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.

Further Reading

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