StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

Posted by Cynthia Vaughn on Nov 8th, 2024

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

U.S. Global Investors Trading Down 1.2 %

U.S. Global Investors stock opened at $2.46 on Monday. The company has a fifty day simple moving average of $2.51 and a 200-day simple moving average of $2.58. The stock has a market cap of $33.65 million, a P/E ratio of 24.60 and a beta of 1.85. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $3.11.

U.S. Global Investors (NASDAQ:GROW – Get Free Report) last announced its quarterly earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.44 million during the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%.

U.S. Global Investors Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.0075 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.09 annualized dividend and a yield of 3.66%. U.S. Global Investors’s dividend payout ratio is currently 90.00%.

U.S. Global Investors Company Profile

(Get Free Report)

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.