U.S. Global Investors (NASDAQ:GROW) Now Covered by Analysts at StockNews.com

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

U.S. Global Investors Stock Down 2.9 %

GROW opened at $2.69 on Thursday. The firm has a market cap of $38.01 million, a price-to-earnings ratio of 11.70 and a beta of 1.97. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The company’s 50-day moving average price is $2.69 and its 200 day moving average price is $2.78.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. The firm had revenue of $2.82 million for the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%.

Institutional Investors Weigh In On U.S. Global Investors

Several large investors have recently made changes to their positions in GROW. IHT Wealth Management LLC acquired a new stake in shares of U.S. Global Investors in the second quarter valued at approximately $32,000. Morgan Stanley boosted its holdings in shares of U.S. Global Investors by 208,833.3% in the fourth quarter. Morgan Stanley now owns 12,536 shares of the asset manager’s stock valued at $36,000 after acquiring an additional 12,530 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new position in shares of U.S. Global Investors in the fourth quarter valued at approximately $56,000. Jane Street Group LLC bought a new position in shares of U.S. Global Investors in the second quarter valued at approximately $96,000. Finally, Vima LLC bought a new position in shares of U.S. Global Investors in the fourth quarter valued at approximately $117,000. 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.