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

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

U.S. Global Investors Price Performance

Shares of GROW traded down $0.02 on Wednesday, hitting $2.45. The company’s stock had a trading volume of 13,539 shares, compared to its average volume of 25,755. The company has a market capitalization of $33.15 million, a PE ratio of 18.85 and a beta of 1.82. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $2.95. The company has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.49.

U.S. Global Investors Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on U.S. Global Investors in a research note on Saturday. They set a “hold” rating on the stock.

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.