U.S. Global Investors (NASDAQ:GROW) Research Coverage Started at StockNews.com

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

U.S. Global Investors Stock Down 4.2 %

U.S. Global Investors stock opened at $2.27 on Friday. The firm has a 50 day moving average price of $2.38 and a 200-day moving average price of $2.43. U.S. Global Investors has a twelve month low of $2.20 and a twelve month high of $2.95. The company has a market capitalization of $30.31 million, a P/E ratio of 75.69 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings data on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, April 14th will be issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 3.96%. The ex-dividend date is Monday, April 14th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 300.00%.

Hedge Funds Weigh In On U.S. Global Investors

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of 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 buying an additional 4,338 shares in the last quarter. XTX Topco Ltd bought a new stake in U.S. Global Investors during the 4th quarter valued at $26,000. Samalin Investment Counsel LLC purchased a new stake in shares of U.S. Global Investors during the fourth quarter worth $41,000. Finally, Gator Capital Management LLC boosted its holdings in shares of U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after acquiring an additional 154,836 shares during the period. 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.