U.S. Global Investors, Inc. (GROW) to Issue Dividend of $0.01 on April 22nd

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a dividend on Wednesday, April 3rd, investing.com reports. Investors of record on Monday, April 8th will be given a dividend of 0.0075 per share by the asset manager on Monday, April 22nd. This represents a yield of 3.07%. The ex-dividend date of this dividend is Friday, April 5th. This is a positive change from U.S. Global Investors’s previous dividend of $0.007.

U.S. Global Investors has raised its dividend by an average of 44.2% annually over the last three years.

U.S. Global Investors Price Performance

Shares of GROW traded down $0.15 during trading hours on Wednesday, hitting $2.78. The company’s stock had a trading volume of 63,411 shares, compared to its average volume of 34,648. The company has a market cap of $39.28 million, a price-to-earnings ratio of 12.74 and a beta of 1.97. The business has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $2.79. U.S. Global Investors has a 52-week low of $2.47 and a 52-week high of $3.30.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%. The firm had revenue of $2.82 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GROW. Bridgeway Capital Management LLC increased its position in U.S. Global Investors by 4.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 96,093 shares of the asset manager’s stock valued at $271,000 after purchasing an additional 3,840 shares during the period. Toroso Investments LLC increased its position in U.S. Global Investors by 5.7% during the 1st quarter. Toroso Investments LLC now owns 101,821 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 5,500 shares during the period. Vanguard Group Inc. increased its position in U.S. Global Investors by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 633,488 shares of the asset manager’s stock valued at $1,786,000 after purchasing an additional 8,657 shares during the period. Renaissance Technologies LLC increased its position in U.S. Global Investors by 13.0% during the 2nd quarter. Renaissance Technologies LLC now owns 82,915 shares of the asset manager’s stock valued at $254,000 after purchasing an additional 9,547 shares during the period. Finally, IHT Wealth Management LLC purchased a new position in U.S. Global Investors during the 2nd quarter valued at $32,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of U.S. Global Investors in a research report on Tuesday. They set a “hold” rating for the company.

About U.S. Global Investors

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.