U.S. Global Investors (NASDAQ:GROW) Earns Hold Rating from Analysts at StockNews.com

Posted by Ethan Ryder on Oct 4th, 2024

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

U.S. Global Investors Stock Performance

U.S. Global Investors stock opened at $2.54 on Thursday. The firm has a 50 day moving average price of $2.57 and a two-hundred day moving average price of $2.63. 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 cap of $34.75 million, a price-to-earnings ratio of 21.17 and a beta of 1.83.

U.S. Global Investors Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 dividend on an annualized basis and a yield of 3.54%. U.S. Global Investors’s dividend payout ratio (DPR) is currently 75.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 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.

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.