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

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

U.S. Global Investors Stock Performance

Shares of U.S. Global Investors stock opened at $2.96 on Friday. The stock has a market capitalization of $44.12 million, a P/E ratio of 14.10 and a beta of 2.01. U.S. Global Investors has a 52-week low of $2.41 and a 52-week high of $3.30. The stock’s 50-day simple moving average is $3.06 and its 200 day simple moving average is $2.85.

U.S. Global Investors (NASDAQ:GROW) last posted its earnings results on Thursday, June 22nd. The asset manager reported $0.11 earnings per share for the quarter. The business had revenue of $3.62 million during the quarter. U.S. Global Investors had a return on equity of 5.62% and a net margin of 17.39%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of U.S. Global Investors by 25.6% during the first quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock worth $906,000 after purchasing an additional 69,281 shares in the last quarter. Toroso Investments LLC boosted its stake in U.S. Global Investors by 5.7% in the first quarter. Toroso Investments LLC now owns 101,821 shares of the asset manager’s stock worth $269,000 after buying an additional 5,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in U.S. Global Investors by 47.8% in the third quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock worth $238,000 after buying an additional 26,848 shares in the last quarter. Renaissance Technologies LLC lifted its position in U.S. Global Investors by 13.0% in the second quarter. Renaissance Technologies LLC now owns 82,915 shares of the asset manager’s stock valued at $254,000 after purchasing an additional 9,547 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in U.S. Global Investors in the second quarter valued at approximately $218,000. Hedge funds and other institutional investors own 25.20% of the company’s stock.

U.S. Global Investors Company Profile

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.