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

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

U.S. Global Investors Stock Performance

GROW stock opened at $2.58 on Friday. The firm has a fifty day moving average price of $2.63 and a 200 day moving average price of $2.70. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The firm has a market cap of $35.89 million, a PE ratio of 21.50 and a beta of 1.79.

U.S. Global Investors Announces Dividend

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

Institutional Investors Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent filing with the SEC. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.