StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report released on Tuesday. The firm set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of NASDAQ:GROW opened at $2.16 on Tuesday. The company has a market cap of $28.84 million, a P/E ratio of 72.02 and a beta of 1.90. The stock’s 50-day moving average is $2.24 and its 200-day moving average is $2.37. U.S. Global Investors has a 52-week low of $2.02 and a 52-week high of $2.75.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (EPS) for the quarter. U.S. Global Investors had a net margin of 5.40% and a return on equity of 1.05%.

Institutional Investors Weigh In On U.S. Global Investors

Several hedge funds and other institutional investors have recently made changes to their positions in GROW. Samalin Investment Counsel LLC bought a new stake in shares of U.S. Global Investors in the fourth quarter valued at about $41,000. Gator Capital Management LLC lifted its stake in shares of U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares during the period. XTX Topco Ltd bought a new stake in shares of U.S. Global Investors in the fourth quarter valued at about $26,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after buying an additional 4,338 shares during the period. 23.62% of the stock is owned by institutional investors and hedge funds.

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.