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

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

U.S. Global Investors Trading Up 0.2 %

Shares of GROW opened at $2.24 on Wednesday. The firm has a market cap of $29.84 million, a price-to-earnings ratio of 74.52 and a beta of 1.80. The stock has a 50 day moving average of $2.41 and a 200-day moving average of $2.45. U.S. Global Investors has a 52 week low of $2.20 and a 52 week high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last issued its earnings results 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 dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were given a dividend of $0.0075 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 3.7%. U.S. Global Investors’s dividend payout ratio is currently 300.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GROW. XTX Topco Ltd acquired a new position in U.S. Global Investors during the 4th quarter valued at approximately $26,000. Samalin Investment Counsel LLC acquired a new position in U.S. Global Investors during the 4th quarter valued at approximately $41,000. Dimensional Fund Advisors LP boosted its position in U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares during the period. Finally, Gator Capital Management LLC boosted its position in U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.