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

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

U.S. Global Investors Trading Down 1.1 %

GROW opened at $2.70 on Friday. The stock has a market cap of $38.15 million, a PE ratio of 11.74 and a beta of 1.97. U.S. Global Investors has a 1 year low of $2.47 and a 1 year high of $3.30. The stock’s 50 day simple moving average is $2.69 and its 200-day simple moving average 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 (EPS) for the quarter. The business had revenue of $2.82 million for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%.

Institutional Trading of U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors at the end of the most recent reporting period. Institutional investors own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

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.