StockNews.com Initiates Coverage on U.S. Global Investors (NASDAQ:GROW)

Posted by Sean Solarzano on Sep 5th, 2024

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Up 1.2 %

Shares of GROW stock opened at $2.57 on Friday. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.11. The firm has a market capitalization of $35.75 million, a PE ratio of 21.42 and a beta of 1.83. The company has a 50 day moving average price of $2.60 and a 200-day moving average price of $2.64.

U.S. Global Investors Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, September 16th. U.S. Global Investors’s payout ratio is currently 75.00%.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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 reporting period. Hedge funds and other institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

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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.