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

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

U.S. Global Investors Stock Performance

Shares of GROW stock opened at $2.40 on Tuesday. U.S. Global Investors has a 1 year low of $2.38 and a 1 year high of $3.11. The firm’s fifty day simple moving average is $2.49 and its 200 day simple moving average is $2.57. The firm has a market capitalization of $32.76 million, a P/E ratio of 18.42 and a beta of 1.85.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Tuesday, September 10th. The asset manager reported $0.02 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%. The business had revenue of $2.44 million for the quarter.

U.S. Global Investors Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 dividend on an annualized basis and a yield of 3.76%. U.S. Global Investors’s dividend payout ratio is currently 69.24%.

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.