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

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

U.S. Global Investors Stock Performance

Shares of NASDAQ:GROW opened at $2.40 on Tuesday. The stock has a market capitalization of $32.76 million, a P/E ratio of 18.42 and a beta of 1.85. U.S. Global Investors has a 1-year low of $2.38 and a 1-year high of $3.11. The business has a 50-day moving average price of $2.49 and a two-hundred day moving average price 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 firm had revenue of $2.44 million during the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

U.S. Global Investors Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.76%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 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.