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

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

U.S. Global Investors Price Performance

U.S. Global Investors stock opened at $2.43 on Monday. U.S. Global Investors has a 1-year low of $2.38 and a 1-year high of $2.95. The stock has a market capitalization of $32.45 million, a price-to-earnings ratio of 81.03 and a beta of 1.82. The business has a fifty day moving average price of $2.44 and a 200-day moving average price of $2.47.

U.S. Global Investors (NASDAQ:GROW) last issued its 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 return on equity of 1.05% and a net margin of 5.40%.

Institutional Investors Weigh In On U.S. Global Investors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GROW. XTX Topco Ltd purchased a new position in U.S. Global Investors during the 4th quarter valued at about $26,000. Samalin Investment Counsel LLC acquired a new stake in U.S. Global Investors during the 4th quarter worth $41,000. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 4,338 shares during the period. Finally, Gator Capital Management LLC increased its stake in shares of U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after acquiring an additional 154,836 shares during the period. Hedge funds and other institutional investors 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.