StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a report published on Monday. The brokerage issued a hold rating on the asset manager’s stock.
U.S. Global Investors Trading Up 0.8 %
GROW stock opened at $2.44 on Monday. The stock has a market capitalization of $33.00 million, a PE ratio of 18.77 and a beta of 1.83. The stock’s 50 day simple moving average is $2.44 and its 200 day simple moving average is $2.52. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $2.95.
U.S. Global Investors Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Monday, January 13th will be issued a $0.0075 dividend. The ex-dividend date is Monday, January 13th. This represents a $0.09 annualized dividend and a yield of 3.69%. U.S. Global Investors’s payout ratio is 69.23%.
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.
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