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

Analysts at StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW – Get Rating) in a report issued on Wednesday. The brokerage set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Up 3.2 %

GROW opened at $2.56 on Wednesday. The business has a 50 day moving average price of $2.98 and a two-hundred day moving average price of $2.99. The company has a market cap of $38.14 million, a PE ratio of 11.64 and a beta of 2.03. U.S. Global Investors has a 52 week low of $2.45 and a 52 week high of $5.57.

Institutional Trading of U.S. Global Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SMH Capital Advisors Inc. raised its stake in U.S. Global Investors by 1,301.8% during the 3rd quarter. SMH Capital Advisors Inc. now owns 139,577 shares of the asset manager’s stock valued at $401,000 after acquiring an additional 129,620 shares during the last quarter. Dimensional Fund Advisors LP increased its position in U.S. Global Investors by 47.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock worth $238,000 after purchasing an additional 26,848 shares during the period. Millennium Management LLC increased its position in U.S. Global Investors by 150.8% during the 4th quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock worth $143,000 after purchasing an additional 29,738 shares during the period. Jane Street Group LLC acquired a new position in U.S. Global Investors during the 2nd quarter worth approximately $96,000. Finally, Morgan Stanley increased its position in U.S. Global Investors by 208,833.3% during the 4th quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock worth $36,000 after purchasing an additional 12,530 shares during the period. 27.39% of the stock is owned by hedge funds and other institutional investors.

About U.S. Global Investors

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U.S. Global Investors, Inc engages in the provision of investment advisory services. It operates through the Investment Management Services and Corporate Investments segments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients.