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

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

U.S. Global Investors Stock Down 0.4 %

U.S. Global Investors stock opened at $2.30 on Wednesday. The company has a market capitalization of $30.71 million, a P/E ratio of 76.69 and a beta of 1.80. The stock’s 50 day moving average is $2.42 and its 200 day moving average is $2.46. U.S. Global Investors has a twelve month low of $2.27 and a twelve month high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last posted its quarterly 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%.

Institutional Trading of U.S. Global Investors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Samalin Investment Counsel LLC purchased a new stake in U.S. Global Investors during the 4th quarter valued at $41,000. Gator Capital Management LLC boosted its stake in U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the last quarter. XTX Topco Ltd purchased a new stake in U.S. Global Investors during the 4th quarter valued at $26,000. Finally, Dimensional Fund Advisors LP boosted its stake in 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 valued at $151,000 after purchasing an additional 4,338 shares during the last quarter. 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.