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

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

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW opened at $2.60 on Friday. The company has a market cap of $36.17 million, a P/E ratio of 21.67 and a beta of 1.79. The firm’s fifty day moving average is $2.62 and its two-hundred day moving average is $2.70. U.S. Global Investors has a 52-week low of $2.47 and a 52-week high of $3.30.

U.S. Global Investors Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.0075 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 3.46%. U.S. Global Investors’s dividend payout ratio (DPR) is presently 75.00%.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC bought a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors as of its most recent SEC filing. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.