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

Research analysts at StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note issued to investors on Saturday. The firm set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Price Performance

NASDAQ GROW opened at $2.68 on Friday. The firm has a market cap of $37.87 million, a P/E ratio of 11.65 and a beta of 1.96. The company’s 50 day moving average is $2.70 and its 200-day moving average is $2.77. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30.

U.S. Global Investors (NASDAQ:GROW) last issued 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%.

Hedge Funds Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC acquired a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.