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

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) 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 0.8 %

GROW stock opened at $2.45 on Thursday. The firm has a market cap of $33.15 million, a price-to-earnings ratio of 18.85 and a beta of 1.83. The company’s fifty day simple moving average is $2.43 and its 200 day simple moving average is $2.50. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Thursday, November 7th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%. The company had revenue of $2.16 million for the quarter.

U.S. Global Investors Dividend Announcement

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