U.S. Global Investors, Inc. (NASDAQ:GROW) Plans Dividend Increase – $0.01 Per Share

U.S. Global Investors, Inc. (NASDAQ:GROW) declared 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 is Friday, April 5th. This is a boost 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% per year over the last three years.

U.S. Global Investors Stock Down 5.1 %

GROW traded down $0.15 during trading hours on Wednesday, reaching $2.78. 63,411 shares of the company’s stock traded hands, compared to its average volume of 34,648. U.S. Global Investors has a 52-week low of $2.47 and a 52-week high of $3.30. The firm has a market capitalization of $39.28 million, a PE ratio of 12.74 and a beta of 1.97. The firm has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.79.

U.S. Global Investors (NASDAQ:GROW) last issued 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 return on equity of 6.24% and a net margin of 25.04%. The business had revenue of $2.82 million during the quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC acquired a new position in shares of U.S. Global Investors in the second quarter valued at about $32,000. Morgan Stanley increased its holdings in shares of U.S. Global Investors by 208,833.3% in the fourth quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 12,530 shares during the period. Parallax Volatility Advisers L.P. purchased a new stake in shares of U.S. Global Investors in the fourth quarter worth about $56,000. Jane Street Group LLC purchased a new stake in shares of U.S. Global Investors in the second quarter worth about $96,000. Finally, Millennium Management LLC boosted its stake in shares of U.S. Global Investors by 150.8% in the fourth quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock worth $143,000 after buying an additional 29,738 shares during the last quarter. 23.62% of the stock is owned by institutional investors and hedge funds.

U.S. Global Investors Company Profile

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.