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

StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report released on Friday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Trading Down 0.8 %

GROW stock opened at $2.46 on Friday. The firm’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.50. The company has a market capitalization of $33.27 million, a price-to-earnings ratio of 18.92 and a beta of 1.83. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last released its earnings results on Thursday, November 7th. The asset manager reported $0.02 earnings per share for the quarter. The firm had revenue of $2.16 million during the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

U.S. Global Investors Announces Dividend

The company also recently announced a dividend, which was paid on Monday, January 27th. Investors of record on Tuesday, January 14th were issued a dividend of $0.0075 per share. This represents a yield of 3.7%. The ex-dividend date of this dividend was Monday, January 13th. U.S. Global Investors’s payout ratio is currently 69.23%.

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.