U.S. Global Investors (NASDAQ:GROW) Coverage Initiated at StockNews.com

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

U.S. Global Investors Stock Up 0.6 %

GROW opened at $2.65 on Tuesday. U.S. Global Investors has a 12 month low of $2.47 and a 12 month high of $3.26. The company has a fifty day simple moving average of $2.61 and a 200 day simple moving average of $2.68. The stock has a market cap of $36.86 million, a P/E ratio of 22.08 and a beta of 1.79.

U.S. Global Investors Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, September 16th. U.S. Global Investors’s dividend payout ratio is currently 75.00%.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC bought a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) in the fourth quarter, according to its most recent disclosure 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 0.29% of U.S. Global Investors at the end of the most recent quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.