StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

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

U.S. Global Investors Stock Performance

Shares of GROW stock opened at $2.41 on Wednesday. The stock’s fifty day moving average price is $2.44 and its two-hundred day moving average price is $2.51. The company has a market cap of $32.61 million, a PE ratio of 18.54 and a beta of 1.83. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $2.95.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, January 14th will be issued a dividend of $0.0075 per share. This represents a dividend yield of 3.7%. The ex-dividend date is Monday, January 13th. U.S. Global Investors’s dividend payout ratio (DPR) is 69.24%.

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.