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

U.S. Global Investors (NASDAQ:GROW) announced its earnings results on Friday. The asset manager reported ($0.07) earnings per share for the quarter, Zacks reports. U.S. Global Investors had a return on equity of 1.86% and a net margin of 10.04%.

U.S. Global Investors Trading Up 2.8%

NASDAQ GROW traded up $0.09 during trading hours on Friday, reaching $3.26. The company had a trading volume of 10,884 shares, compared to its average volume of 92,426. The stock has a market capitalization of $42.26 million, a P/E ratio of 54.34 and a beta of 0.64. The stock has a 50-day moving average of $2.74 and a 200 day moving average of $2.58. U.S. Global Investors has a 1-year low of $2.02 and a 1-year high of $3.65.

U.S. Global Investors Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.0075 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. U.S. Global Investors’s dividend payout ratio is currently 150.00%.

Hedge Funds Weigh In On U.S. Global Investors

Several hedge funds have recently bought and sold shares of the company. Sandia Investment Management LP purchased a new stake in U.S. Global Investors during the 4th quarter worth about $106,000. Citadel Advisors LLC raised 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 worth $120,000 after purchasing an additional 14,938 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of U.S. Global Investors by 108.2% during the third quarter. Susquehanna International Group LLP now owns 94,036 shares of the asset manager’s stock worth $259,000 after acquiring an additional 48,871 shares during the period. Finally, Rothschild Wealth LLC acquired a new stake in shares of U.S. Global Investors in the 4th quarter valued at approximately $1,260,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of U.S. Global Investors in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, U.S. Global Investors currently has an average rating of “Hold”.

U.S. Global Investors Company Profile

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.