U.S. Global Investors (NASDAQ:GROW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note released on Wednesday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Down 0.4 %

Shares of NASDAQ GROW opened at $2.43 on Wednesday. The stock has a market cap of $32.88 million, a P/E ratio of 18.69 and a beta of 1.85. The firm’s 50-day simple moving average is $2.48 and its 200 day simple moving average is $2.56. U.S. Global Investors has a fifty-two week low of $2.38 and a fifty-two week high of $3.11.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. The company had revenue of $2.44 million for the quarter. U.S. Global Investors had a net margin of 18.23% and a return on equity of 3.68%.

U.S. Global Investors Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0075 per share. This represents a $0.09 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s payout ratio is currently 69.24%.

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.