U.S. Global Investors, Inc. (NASDAQ:GROW) Increases Dividend to $0.01 Per Share

U.S. Global Investors, Inc. (NASDAQ:GROW) announced a dividend on Thursday, April 4th, investing.com reports. Shareholders 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 3.24%. The ex-dividend date of this dividend 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% annually over the last three years.

U.S. Global Investors Stock Performance

GROW traded up $0.02 during trading on Thursday, reaching $2.80. 4,914 shares of the company’s stock were exchanged, compared to its average volume of 34,191. The company’s fifty day moving average price is $2.70 and its 200-day moving average price is $2.79. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The firm has a market capitalization of $39.56 million, a PE ratio of 12.17 and a beta of 1.97.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GROW. Jane Street Group LLC acquired a new position in shares of U.S. Global Investors during the 2nd quarter worth about $96,000. Dimensional Fund Advisors LP grew its stake in U.S. Global Investors by 47.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock valued at $238,000 after buying an additional 26,848 shares during the last quarter. Morgan Stanley grew its stake in U.S. Global Investors by 208,833.3% in the 4th quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock valued at $36,000 after buying an additional 12,530 shares during the last quarter. Millennium Management LLC grew its stake in U.S. Global Investors by 150.8% in the 4th quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock valued at $143,000 after buying an additional 29,738 shares during the last quarter. Finally, BlackRock Inc. grew its stake in U.S. Global Investors by 25.6% in the 1st quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock valued at $906,000 after buying an additional 69,281 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.