Royce & Associates LP Reduces Stock Holdings in U.S. Global Investors, Inc. (NASDAQ:GROW)

Royce & Associates LP cut its holdings in U.S. Global Investors, Inc. (NASDAQ:GROW) by 27.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 439,454 shares of the asset manager’s stock after selling 165,500 shares during the quarter. Royce & Associates LP’s holdings in U.S. Global Investors were worth $1,134,000 as of its most recent SEC filing.

U.S. Global Investors Trading Down 0.4 %

Shares of U.S. Global Investors stock opened at $2.43 on Wednesday. The firm’s 50 day simple moving average is $2.49 and its two-hundred day simple moving average is $2.56. The firm has a market capitalization of $32.88 million, a price-to-earnings ratio of 18.69 and a beta of 1.85. U.S. Global Investors, Inc. has a 12-month low of $2.38 and a 12-month high of $3.11.

U.S. Global Investors (NASDAQ:GROW) last released its earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $2.44 million for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.0075 dividend. This represents a $0.09 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s payout ratio is 69.24%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of U.S. Global Investors in a report on Wednesday. They set a “hold” rating on the stock.

U.S. Global Investors Company Profile

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.