U.S. Global Investors (NASDAQ:GROW) Announces Earnings Results

U.S. Global Investors (NASDAQ:GROW) posted its quarterly earnings results on Thursday. The asset manager reported ($0.03) earnings per share for the quarter, Zacks reports. U.S. Global Investors had a net margin of 33.29% and a return on equity of 6.92%.

U.S. Global Investors Stock Performance

GROW stock traded up $0.04 during midday trading on Thursday, reaching $3.27. 28,763 shares of the company’s stock traded hands, compared to its average volume of 37,632. The company has a 50-day moving average price of $3.09 and a two-hundred day moving average price of $2.94. U.S. Global Investors has a 52 week low of $2.23 and a 52 week high of $3.65. The firm has a market capitalization of $40.56 million, a PE ratio of 12.58 and a beta of 0.68.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 28th. Investors of record on Monday, September 14th will be paid a $0.0075 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 14th. U.S. Global Investors’s payout ratio is currently 34.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, U.S. Global Investors has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its holdings in U.S. Global Investors by 52.1% during the 3rd quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock worth $120,000 after acquiring an additional 14,938 shares during the period. Sandia Investment Management LP bought a new position in shares of U.S. Global Investors in the fourth quarter worth approximately $106,000. Susquehanna International Group LLP increased its position in shares of U.S. Global Investors by 108.2% in the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after purchasing an additional 48,871 shares during the last quarter. Finally, Rothschild Wealth LLC bought a new stake in U.S. Global Investors during the fourth quarter valued at approximately $1,260,000. 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 an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.