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

StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report report published on Tuesday. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

NASDAQ GROW opened at $2.58 on Tuesday. The firm has a market cap of $35.89 million, a price-to-earnings ratio of 21.50 and a beta of 1.83. The firm has a 50 day simple moving average of $2.59 and a 200-day simple moving average of $2.63. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.11.

Institutional Trading of U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new position 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 Securities and Exchange Commission. The institutional investor purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors at the end of the most recent reporting period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

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.