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

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

U.S. Global Investors Price Performance

Shares of GROW opened at $2.31 on Tuesday. U.S. Global Investors has a 1-year low of $2.28 and a 1-year high of $2.95. The stock has a market cap of $30.84 million, a PE ratio of 77.03 and a beta of 1.82. The firm has a 50-day simple moving average of $2.43 and a two-hundred day simple moving average of $2.47.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly 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

A number of institutional investors have recently made changes to their positions in GROW. Samalin Investment Counsel LLC acquired a new stake in shares of U.S. Global Investors during the fourth quarter valued at about $41,000. Gator Capital Management LLC boosted its stake in shares of U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the period. XTX Topco Ltd purchased a new position in shares of U.S. Global Investors in the fourth quarter valued at approximately $26,000. Finally, Dimensional Fund Advisors LP boosted its stake 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 valued at $151,000 after purchasing an additional 4,338 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.