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

Posted by Trevor Kearing on Aug 12th, 2024

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

U.S. Global Investors Stock Up 1.9 %

Shares of GROW opened at $2.62 on Thursday. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.18. The business’s fifty day moving average is $2.60 and its 200 day moving average is $2.66. The stock has a market cap of $36.45 million, a P/E ratio of 21.83 and a beta of 1.79.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, September 16th. U.S. Global Investors’s dividend payout ratio (DPR) is currently 75.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC acquired a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 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 filing with the Securities & Exchange Commission. 23.62% of the stock is owned by institutional investors and hedge funds.

U.S. Global Investors Company Profile

(Get Free Report)

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.