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

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

U.S. Global Investors Trading Down 0.4 %

GROW stock opened at $2.43 on Wednesday. U.S. Global Investors has a one year low of $2.38 and a one year high of $3.11. The firm has a 50-day moving average of $2.48 and a two-hundred day moving average of $2.56. The firm has a market capitalization of $32.88 million, a PE ratio of 18.69 and a beta of 1.85.

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

U.S. Global Investors Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.0075 per share. This represents a $0.09 annualized dividend 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 69.24%.

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.