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

Investment analysts at StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROWGet Free Report) in a research report issued on Friday. The firm set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Up 2.2 %

Shares of U.S. Global Investors stock opened at $2.37 on Friday. U.S. Global Investors has a 12-month low of $2.20 and a 12-month high of $2.95. The business’s 50 day moving average is $2.38 and its 200-day moving average is $2.44. The stock has a market cap of $31.64 million, a P/E ratio of 79.03 and a beta of 1.80.

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

Institutional Trading of U.S. Global Investors

Several institutional investors and hedge funds have recently bought and sold shares of GROW. Samalin Investment Counsel LLC acquired a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $41,000. 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 worth $1,100,000 after purchasing an additional 154,836 shares during the period. XTX Topco Ltd bought a new position in U.S. Global Investors during the fourth quarter worth $26,000. Finally, Dimensional Fund Advisors LP increased its holdings 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 last quarter. Institutional investors own 23.62% of the company’s stock.

About U.S. Global Investors

(Get Free Report)

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.

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