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

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

U.S. Global Investors Price Performance

Shares of GROW stock opened at $2.15 on Friday. The firm has a market cap of $28.71 million, a PE ratio of 71.69 and a beta of 1.90. U.S. Global Investors has a 12 month low of $2.02 and a 12 month high of $2.82. The company’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.39.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share 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 company also recently announced a dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 14th will be issued a $0.0075 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a dividend yield of 4.31%. U.S. Global Investors’s payout ratio is 300.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GROW. Samalin Investment Counsel LLC acquired a new position in U.S. Global Investors in the 4th quarter valued at about $41,000. Gator Capital Management LLC lifted its holdings 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 worth $1,100,000 after purchasing an additional 154,836 shares during the last quarter. XTX Topco Ltd acquired a new position in U.S. Global Investors in the 4th quarter valued at $26,000. Finally, Dimensional Fund Advisors LP increased 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 worth $151,000 after buying an additional 4,338 shares during the period. 23.62% of the stock is owned by institutional investors and hedge funds.

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.