U.S. Global Investors (NASDAQ:GROW) Now Covered by StockNews.com

Stock analysts at StockNews.com started 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 Trading Down 1.1 %

Shares of NASDAQ:GROW opened at $2.70 on Friday. The company has a market capitalization of $38.15 million, a PE ratio of 11.74 and a beta of 1.97. U.S. Global Investors has a twelve month low of $2.47 and a twelve month high of $3.30. The firm has a 50 day simple moving average of $2.69 and a 200-day simple moving average of $2.78.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.09 earnings per share for the quarter. The business had revenue of $2.82 million during the quarter. U.S. Global Investors had a net margin of 25.04% and a return on equity of 6.24%.

Hedge Funds Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC acquired a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission. 23.62% of the stock is currently 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.