U.S. Global Investors (NASDAQ:GROW) Announces Quarterly Earnings Results

U.S. Global Investors (NASDAQ:GROW) released its earnings results on Wednesday. The asset manager reported $0.12 earnings per share (EPS) for the quarter, Zacks reports. U.S. Global Investors had a negative return on equity of 0.71% and a negative net margin of 3.95%.

U.S. Global Investors Stock Performance

Shares of NASDAQ GROW traded down $0.07 during mid-day trading on Wednesday, hitting $2.36. 24,821 shares of the stock were exchanged, compared to its average volume of 31,316. U.S. Global Investors has a twelve month low of $2.02 and a twelve month high of $2.78. The stock’s fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $2.43. The company has a market cap of $30.59 million, a P/E ratio of -59.00 and a beta of 1.13.

U.S. Global Investors Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a dividend of $0.0075 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. U.S. Global Investors’s dividend payout ratio is currently -225.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of U.S. Global Investors in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.