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

Stock analysts at StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report issued on Thursday. The firm set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Up 2.2 %

GROW opened at $2.32 on Thursday. U.S. Global Investors has a 12 month low of $2.20 and a 12 month high of $2.95. The company has a fifty day simple moving average of $2.39 and a 200 day simple moving average of $2.44. The stock has a market cap of $30.98 million, a P/E ratio of 77.36 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

Hedge Funds 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. Gator Capital Management LLC boosted its stake in U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after purchasing an additional 154,836 shares during the period. Samalin Investment Counsel LLC acquired a new position in shares of U.S. Global Investors during the 4th quarter worth about $41,000. XTX Topco Ltd acquired a new position in shares of U.S. Global Investors during the 4th quarter worth about $26,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after buying an additional 4,338 shares during the last quarter. 23.62% of the stock is owned by institutional investors and hedge funds.

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.