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

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

U.S. Global Investors Stock Down 0.4 %

Shares of NASDAQ GROW opened at $2.53 on Wednesday. U.S. Global Investors has a 12 month low of $2.41 and a 12 month high of $5.57. The company has a market cap of $37.70 million, a price-to-earnings ratio of 11.50 and a beta of 2.03. The business has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $2.96.

U.S. Global Investors Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 24th. Stockholders of record on Monday, April 10th will be issued a dividend of $0.007 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, April 6th. U.S. Global Investors’s dividend payout ratio is 40.91%.

Institutional Investors Weigh In On U.S. Global Investors

Hedge funds have recently modified their holdings of the stock. SMH Capital Advisors Inc. lifted its stake in 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. Dimensional Fund Advisors LP lifted its stake in 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. Millennium Management LLC lifted its stake in U.S. Global Investors by 150.8% in the 4th quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock worth $143,000 after acquiring an additional 29,738 shares in the last quarter. Jane Street Group LLC purchased a new stake in U.S. Global Investors in the 2nd quarter worth about $96,000. Finally, Morgan Stanley lifted its stake in U.S. Global Investors by 208,833.3% in the 4th quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock worth $36,000 after acquiring an additional 12,530 shares in the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.

U.S. Global Investors Company Profile

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U.S. Global Investors, Inc engages in the provision of investment advisory services. It operates through the Investment Management Services and Corporate Investments segments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients.