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

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

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW opened at $2.43 on Friday. The stock has a market cap of $33.24 million, a PE ratio of 24.30 and a beta of 1.83. The company’s fifty day moving average is $2.54 and its 200 day moving average is $2.61. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $3.11.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%. The firm had revenue of $2.44 million for the quarter.

U.S. Global Investors Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders 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 dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, December 16th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 90.00%.

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.