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

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

U.S. Global Investors Stock Performance

GROW stock opened at $2.42 on Friday. The firm has a market cap of $32.73 million, a P/E ratio of 18.62 and a beta of 1.82. The firm’s fifty day moving average is $2.44 and its 200 day moving average is $2.48. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $2.95.

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 (EPS) for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a $0.0075 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 3.7%. U.S. Global Investors’s payout ratio is currently 300.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GROW. Samalin Investment Counsel LLC purchased a new stake in U.S. Global Investors during the 4th quarter valued at $41,000. Gator Capital Management LLC raised its stake in shares of U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after acquiring an additional 154,836 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of U.S. Global Investors during the fourth quarter worth about $26,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after purchasing an additional 4,338 shares during the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.