StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

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

U.S. Global Investors Stock Down 4.9 %

NASDAQ:GROW opened at $2.12 on Friday. The stock has a market cap of $28.31 million, a P/E ratio of 70.69 and a beta of 1.80. The business’s 50-day moving average price is $2.36 and its two-hundred day moving average price is $2.42. U.S. Global Investors has a twelve month low of $2.05 and a twelve month high of $2.90.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds have recently added to or reduced their stakes in GROW. XTX Topco Ltd bought a new stake in shares of U.S. Global Investors in the 4th quarter worth approximately $26,000. Samalin Investment Counsel LLC purchased a new position in U.S. Global Investors in the 4th quarter worth $41,000. Dimensional Fund Advisors LP lifted its stake in U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after purchasing an additional 4,338 shares during the last quarter. Finally, Gator Capital Management LLC boosted its position in U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares during the period. 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.