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

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

U.S. Global Investors Trading Down 1.4 %

NASDAQ:GROW opened at $2.83 on Wednesday. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30. The stock’s 50 day simple moving average is $2.69 and its 200-day simple moving average is $2.78. The firm has a market cap of $39.99 million, a P/E ratio of 12.30 and a beta of 1.97.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.09 earnings per share (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 Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be issued a dividend of $0.0075 per share. This is a boost from U.S. Global Investors’s previous dividend of $0.01. This represents a yield of 3.21%. The ex-dividend date of this dividend is Friday, April 5th. U.S. Global Investors’s dividend payout ratio is currently 39.13%.

Institutional Investors Weigh In On U.S. Global Investors

A number of institutional investors have recently added to or reduced their stakes in GROW. IHT Wealth Management LLC purchased a new position in shares of U.S. Global Investors during the 2nd quarter worth approximately $32,000. Morgan Stanley raised its position in U.S. Global Investors by 208,833.3% in the fourth quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock worth $36,000 after acquiring an additional 12,530 shares in the last quarter. Parallax Volatility Advisers L.P. purchased a new position in U.S. Global Investors in the fourth quarter worth $56,000. Jane Street Group LLC acquired a new stake in U.S. Global Investors in the second quarter valued at $96,000. Finally, Vima LLC purchased a new stake in shares of U.S. Global Investors during the 4th quarter worth $117,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

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.