U.S. Global Investors (NASDAQ:GROW) Now Covered by Analysts at StockNews.com

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

U.S. Global Investors Stock Up 1.9 %

GROW opened at $2.74 on Thursday. The stock has a market capitalization of $38.72 million, a price-to-earnings ratio of 11.91 and a beta of 1.97. The firm has a 50 day moving average price of $2.69 and a 200-day moving average price of $2.78. U.S. Global Investors has a twelve month low of $2.47 and a twelve month high of $3.30.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. The business had revenue of $2.82 million during the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%.

U.S. Global Investors Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a $0.0075 dividend. This represents a yield of 3.21%. This is a boost from U.S. Global Investors’s previous dividend of $0.01. The ex-dividend date is Friday, April 5th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 39.13%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in U.S. Global Investors by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 633,488 shares of the asset manager’s stock valued at $1,786,000 after buying an additional 8,657 shares during the period. Vima LLC purchased a new position in shares of U.S. Global Investors during the 4th quarter worth $117,000. Parallax Volatility Advisers L.P. bought a new stake in shares of U.S. Global Investors during the 4th quarter valued at $56,000. Bridgeway Capital Management LLC increased its stake in shares of U.S. Global Investors by 4.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 96,093 shares of the asset manager’s stock worth $271,000 after purchasing an additional 3,840 shares in the last quarter. Finally, IHT Wealth Management LLC bought a new position in U.S. Global Investors in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 23.62% of the company’s 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.