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

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

U.S. Global Investors Stock Performance

NASDAQ:GROW opened at $2.18 on Wednesday. U.S. Global Investors has a 52 week low of $2.02 and a 52 week high of $2.73. The firm has a 50-day moving average price of $2.20 and a two-hundred day moving average price of $2.35. The firm has a market cap of $29.11 million, a price-to-earnings ratio of 72.69 and a beta of 1.48.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported ($0.03) earnings per share for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Gator Capital Management LLC raised its holdings in shares of U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after acquiring an additional 154,836 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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. Samalin Investment Counsel LLC purchased a new stake in U.S. Global Investors in the fourth quarter valued at approximately $41,000. Finally, XTX Topco Ltd bought a new stake in U.S. Global Investors during the fourth quarter valued at approximately $26,000. Institutional investors own 23.62% of the company’s stock.

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.