U.S. Global Investors (NASDAQ:GROW) Coverage Initiated at StockNews.com

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

U.S. Global Investors Stock Performance

NASDAQ:GROW opened at $2.31 on Tuesday. The stock has a market capitalization of $30.84 million, a PE ratio of 77.03 and a beta of 1.82. The firm’s 50 day moving average is $2.43 and its 200 day moving average is $2.47. U.S. Global Investors has a 12 month low of $2.27 and a 12 month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

U.S. Global Investors Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were paid a $0.0075 dividend. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 3.7%. U.S. Global Investors’s dividend payout ratio is 300.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in U.S. Global Investors by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after buying an additional 4,338 shares in the last quarter. XTX Topco Ltd purchased a new position in U.S. Global Investors in the 4th quarter valued at approximately $26,000. Gator Capital Management LLC grew its stake in U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares in the last quarter. Finally, Samalin Investment Counsel LLC purchased a new position in U.S. Global Investors in the 4th quarter valued at approximately $41,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.