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

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

U.S. Global Investors Stock Down 4.2 %

Shares of NASDAQ GROW opened at $2.27 on Friday. The stock has a market capitalization of $30.31 million, a price-to-earnings ratio of 75.69 and a beta of 1.80. The firm has a 50-day moving average price of $2.38 and a 200 day moving average price of $2.43. U.S. Global Investors has a 52 week low of $2.20 and a 52 week high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share 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

A number of hedge funds have recently bought and sold shares of GROW. XTX Topco Ltd purchased a new position in shares of U.S. Global Investors during the 4th quarter valued at approximately $26,000. Samalin Investment Counsel LLC acquired a new stake in U.S. Global Investors in the fourth quarter valued at $41,000. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 4,338 shares in the last quarter. Finally, Gator Capital Management LLC boosted its stake in U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after acquiring an additional 154,836 shares during the last quarter. Institutional investors and hedge funds 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.