U.S. Global Investors (NASDAQ:GROW) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Trading Down 0.4 %

Shares of GROW opened at $2.68 on Friday. U.S. Global Investors has a twelve month low of $2.47 and a twelve month high of $3.30. The firm has a market capitalization of $37.87 million, a P/E ratio of 11.65 and a beta of 1.96. The firm’s 50-day moving average is $2.70 and its two-hundred day moving average is $2.77.

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

Institutional Investors Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC acquired a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors as of its most recent SEC filing. Hedge funds and other institutional investors own 23.62% of the company’s stock.

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.