Tidal Investments LLC trimmed its position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) by 18.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,533 shares of the asset manager’s stock after selling 15,538 shares during the period. Tidal Investments LLC owned about 0.49% of U.S. Global Investors worth $193,000 as of its most recent SEC filing.
Separately, Vima LLC purchased a new position in shares of U.S. Global Investors during the 4th quarter valued at about $117,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.
U.S. Global Investors Price Performance
GROW opened at $2.62 on Monday. The stock’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $2.66. U.S. Global Investors, Inc. has a 1 year low of $2.47 and a 1 year high of $3.18. The firm has a market cap of $36.45 million, a price-to-earnings ratio of 21.83 and a beta of 1.79.
U.S. Global Investors Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.0075 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.09 annualized dividend and a yield of 3.44%. U.S. Global Investors’s payout ratio is 75.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on U.S. Global Investors in a report on Thursday. They set a “hold” rating on the stock.
Check Out Our Latest Analysis on GROW
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.
Further Reading
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