U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Down 0.4 %

Shares of NASDAQ:GROW opened at $2.57 on Tuesday. The business’s 50 day moving average is $2.59 and its 200 day moving average is $2.64. The stock has a market cap of $35.76 million, a P/E ratio of 21.42 and a beta of 1.83. U.S. Global Investors has a 52-week low of $2.47 and a 52-week high of $3.11.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC bought a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.