StockNews.com Begins Coverage on U.S. Global Investors with 'Hold' Rating

Equity research analysts at StockNews.com have commenced coverage on U.S. Global Investors (NASDAQ:GROW), initiating with a 'hold' recommendation for the investment management firm's stock. The report was distributed to the investing public in the early hours of Tuesday.

Understanding U.S. Global Investors' Stock Trajectory

The NASDAQ-listed stock symbol GROW opened the trading day at $2.76. Over the past 52 weeks, U.S. Global Investors has seen its shares fluctuate between the $2.41 bottom and a peak of $3.30. Its 50-day and 200-day simple moving averages stand at $2.84 and $2.89 respectively, while the firm's market valuation sits at approximately $41.12 million. U.S. Global Investors presents a price-to-earnings ratio of 13.80 and maintains a beta of 2.02, indicating a high volatility relative to the market.

The latest quarterly earnings from U.S. Global Investors were announced on December 14th, reflecting earnings of ($0.01) per share. Despite the slight earnings dip, U.S. Global Investors posted a healthy net profit margin of 20.78% and a return on equity of 5.51%, with recorded revenues reaching $3.13 million for the quarter.

Dividend Payout Adjustments for Shareholders

Notably, U.S. Global Investors has declared a monthly dividend set to be disbursed on February 26th to shareholders who are on record as of February 12th. The dividend is marked at $0.007 per share, which annualizes to $0.08 and presents a yield of 3.04%. The ex-dividend date has been established as February 9th, and the firm's dividend payout ratio is 45.00%.

Institutional Interests in U.S. Global Investors

Recent activity from institutional investors and hedge funds has been observed in U.S. Global Investors' stock ownership. Vanguard Group Inc. boosted its stake by 2.7% in the third quarter, now holding 624,831 shares worth $1,781,000 after adding 16,687 shares. BlackRock Inc. increased its holding by 25.6% in the first quarter, owning 339,435 shares valued at $906,000. Additional stakes have been increased by Toroso Investments LLC, Dimensional Fund Advisors LP, and Renaissance Technologies LLC during various quarters, demonstrating solid institutional confidence in the firm. Collectively, institutional investors constitute 25.20% of the asset manager's stock ownership.

Company Profile Snapshot

U.S. Global Investors, Inc., operates as a publicly traded investment management entity, offering services primarily to investment companies. It provides both portfolio management for various fund types and advisement services as a registered investment adviser. Its portfolio typically includes equity-balanced, fixed income, and a variety of other funds.

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