U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

Posted by Lorenzo Tanos on Jul 3rd, 2024

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

U.S. Global Investors Trading Down 0.8 %

Shares of GROW opened at $2.58 on Friday. The stock has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $2.70. The stock has a market cap of $35.89 million, a PE ratio of 21.50 and a beta of 1.79. U.S. Global Investors has a 1 year low of $2.47 and a 1 year high of $3.30.

U.S. Global Investors Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.09 annualized dividend and a dividend yield of 3.49%. U.S. Global Investors’s dividend payout ratio is presently 75.00%.

Institutional Investors Weigh In On U.S. Global Investors

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

U.S. Global Investors Company Profile

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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.