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

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

U.S. Global Investors Stock Down 0.4 %

Shares of U.S. Global Investors stock opened at $2.50 on Tuesday. U.S. Global Investors has a 52-week low of $2.38 and a 52-week high of $3.11. The company has a market capitalization of $34.20 million, a P/E ratio of 19.23 and a beta of 1.85. The company has a 50 day moving average of $2.50 and a 200 day moving average of $2.57.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 earnings per share for the quarter. The business had revenue of $2.44 million for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.0075 per share. The ex-dividend date is Monday, December 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.60%. U.S. Global Investors’s dividend payout ratio is currently 69.24%.

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.