U.S. Global Investors, Inc. (GROW) To Go Ex-Dividend on May 11th

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Monday, May 11th will be given a dividend of 0.0075 per share by the asset manager on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, May 11th.

U.S. Global Investors has increased its dividend by an average of 0.2%annually over the last three years.

U.S. Global Investors Price Performance

GROW opened at $2.62 on Friday. The stock’s 50 day simple moving average is $2.86 and its 200 day simple moving average is $2.72. The stock has a market cap of $33.96 million, a P/E ratio of -262,000.00 and a beta of 0.71. U.S. Global Investors has a 1-year low of $2.13 and a 1-year high of $3.65.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings results on Friday, February 20th. The asset manager reported ($0.07) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 1.11% and a return on equity of 0.22%. The business had revenue of $2.51 million during the quarter.

Institutional Trading of U.S. Global Investors

Large investors have recently made changes to their positions in the stock. Samalin Investment Counsel LLC acquired a new position in U.S. Global Investors in the 3rd quarter valued at about $92,000. MAI Capital Management acquired a new position in shares of U.S. Global Investors in the third quarter valued at approximately $102,000. Sandia Investment Management LP purchased a new position in shares of U.S. Global Investors during the fourth quarter valued at approximately $106,000. Citadel Advisors LLC lifted its stake in shares of U.S. Global Investors by 52.1% during the third quarter. Citadel Advisors LLC now owns 43,625 shares of the asset manager’s stock valued at $120,000 after buying an additional 14,938 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in U.S. Global Investors by 9.4% during the first quarter. Dimensional Fund Advisors LP now owns 58,700 shares of the asset manager’s stock worth $146,000 after acquiring an additional 5,056 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

U.S. Global Investors, Inc is an independent asset management firm that specializes in natural resource and global equity investing. The company focuses on sectors such as precious metals, energy, agriculture and emerging markets, seeking long-term capital appreciation for individual and institutional investors. Its investment strategies are built around thematic, research-driven approaches that aim to capture opportunities across commodity cycles and global economic trends.

The firm offers a range of investment products, including open-end mutual funds, closed-end funds, exchange-traded funds and separately managed accounts.