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

U.S. Global Investors (NASDAQ:GROW) announced its quarterly earnings data on Wednesday. The asset manager reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

U.S. Global Investors Trading Up 1.0 %

Shares of U.S. Global Investors stock traded up $0.03 on Friday, reaching $2.45. 6,640 shares of the company were exchanged, compared to its average volume of 25,633. U.S. Global Investors has a one year low of $2.38 and a one year high of $2.95. The company has a market capitalization of $33.08 million, a price-to-earnings ratio of 18.81 and a beta of 1.82. The company has a 50-day moving average of $2.44 and a 200 day moving average of $2.48.

U.S. Global Investors Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, January 27th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.0075 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, January 13th. U.S. Global Investors’s dividend payout ratio is currently 69.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on U.S. Global Investors in a research note on Saturday, February 8th. 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.