U.S. Global Investors, Inc. (NASDAQ:GROW) Shares Sold by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. reduced its position in U.S. Global Investors, Inc. (NASDAQ:GROW) by 4.2% in the 2nd quarter, Holdings Channel reports. The firm owned 107,318 shares of the asset manager’s stock after selling 4,684 shares during the period. U.S. Global Investors makes up 0.9% of SMH Capital Advisors Inc.’s holdings, making the stock its 28th biggest holding. SMH Capital Advisors Inc.’s holdings in U.S. Global Investors were worth $280,000 at the end of the most recent quarter.

Separately, Vima LLC acquired a new position in U.S. Global Investors during the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Stock Down 1.2 %

Shares of U.S. Global Investors stock opened at $2.54 on Thursday. U.S. Global Investors, Inc. has a fifty-two week low of $2.47 and a fifty-two week high of $3.11. The firm has a market cap of $35.33 million, a PE ratio of 21.17 and a beta of 1.83. The business’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.64.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on U.S. Global Investors in a report on Tuesday. They issued a “hold” rating on the stock.

U.S. Global Investors 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.