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

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROWFree Report) in a research note released on Sunday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Up 0.4 %

NASDAQ:GROW opened at $2.61 on Friday. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30. The firm has a market capitalization of $36.31 million, a PE ratio of 21.75 and a beta of 1.79. The firm has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.69.

U.S. Global Investors Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.0075 dividend. This represents a $0.09 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, September 16th. U.S. Global Investors’s dividend payout ratio (DPR) is presently 75.00%.

Institutional Trading of U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC acquired a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROWFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors at the end of the most recent quarter. Institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

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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.

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