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

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

U.S. Global Investors Price Performance

Shares of GROW stock opened at $2.68 on Friday. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.30. The stock has a fifty day moving average price of $2.70 and a 200 day moving average price of $2.77. The stock has a market cap of $37.87 million, a P/E ratio of 11.65 and a beta of 1.96.

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

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 position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors at the end of the most recent reporting period. 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.