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

StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROWGet Rating) in a research report released on Tuesday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Down 0.7 %

NASDAQ GROW opened at $2.96 on Tuesday. U.S. Global Investors has a twelve month low of $2.64 and a twelve month high of $6.37. The company has a market cap of $41.35 million, a price-to-earnings ratio of 13.46 and a beta of 2.12. The business’s fifty day moving average is $2.99 and its 200 day moving average is $3.91.

U.S. Global Investors (NASDAQ:GROWGet Rating) last released its quarterly earnings data on Thursday, September 1st. The asset manager reported $0.03 earnings per share for the quarter. U.S. Global Investors had a return on equity of 5.65% and a net margin of 14.28%. The company had revenue of $5.44 million for the quarter.

U.S. Global Investors Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 27th. Shareholders of record on Monday, December 12th will be issued a dividend of $0.0075 per share. This represents a $0.09 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, December 9th. U.S. Global Investors’s payout ratio is presently 40.91%.

Insiders Place Their Bets

In related news, CEO Frank E. Holmes bought 10,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were purchased at an average cost of $3.23 per share, with a total value of $32,300.00. Following the acquisition, the chief executive officer now owns 261,486 shares of the company’s stock, valued at $844,599.78. The purchase was disclosed in a filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of U.S. Global Investors by 47.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock worth $238,000 after acquiring an additional 26,848 shares in the last quarter. SMH Capital Advisors Inc. raised its position in shares of U.S. Global Investors by 1,301.8% in the 3rd quarter. SMH Capital Advisors Inc. now owns 139,577 shares of the asset manager’s stock worth $401,000 after acquiring an additional 129,620 shares in the last quarter. Jane Street Group LLC bought a new position in shares of U.S. Global Investors in the 2nd quarter worth about $96,000. Kanen Wealth Management LLC bought a new position in shares of U.S. Global Investors in the 2nd quarter worth about $2,001,000. Finally, Hodges Capital Management Inc. bought a new position in shares of U.S. Global Investors in the 1st quarter worth about $471,000. 27.42% of the stock is owned by institutional investors.

U.S. Global Investors Company Profile

(Get Rating)

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

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