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

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

U.S. Global Investors Stock Performance

NASDAQ:GROW opened at $2.42 on Friday. U.S. Global Investors has a 12-month low of $2.38 and a 12-month high of $3.11. The firm has a market cap of $33.11 million, a price-to-earnings ratio of 24.20 and a beta of 1.83. The company’s 50-day moving average is $2.55 and its two-hundred day moving average is $2.62.

U.S. Global Investors (NASDAQ:GROW) last announced its quarterly earnings data on Tuesday, September 10th. The asset manager reported $0.02 EPS for the quarter. The business had revenue of $2.44 million during the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%.

Institutional Investors Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC acquired a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent SEC filing. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.