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

U.S. Global Investors (NASDAQ:GROW) issued its quarterly earnings results on Thursday. The asset manager reported ($0.03) EPS for the quarter, Zacks reports. U.S. Global Investors had a net margin of 33.29% and a return on equity of 6.92%.

U.S. Global Investors Stock Performance

Shares of NASDAQ:GROW opened at $3.27 on Friday. U.S. Global Investors has a 52-week low of $2.23 and a 52-week high of $3.65. The company has a market capitalization of $40.55 million, a P/E ratio of 12.58 and a beta of 0.68. The company has a 50-day simple moving average of $3.09 and a 200 day simple moving average of $2.94.

U.S. Global Investors Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 28th. Stockholders of record on Monday, September 14th will be issued a $0.0075 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 14th. U.S. Global Investors’s dividend payout ratio is presently 34.62%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised U.S. Global Investors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On U.S. Global Investors

A number of institutional investors have recently bought and sold shares of GROW. Citadel Advisors LLC raised its stake in U.S. Global Investors by 52.1% in 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. Sandia Investment Management LP bought a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $106,000. Susquehanna International Group LLP boosted its stake in shares of U.S. Global Investors by 108.2% during the 3rd 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 position in shares of U.S. Global Investors during the 4th quarter worth approximately $1,260,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

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.