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

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

U.S. Global Investors Stock Up 0.4 %

Shares of NASDAQ:GROW opened at $2.61 on Friday. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.30. The firm has a fifty day simple moving average of $2.63 and a two-hundred day simple moving average of $2.71. The stock has a market capitalization of $36.31 million, a P/E ratio of 21.75 and a beta of 1.96.

Hedge Funds 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) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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. 23.62% of the stock is currently owned by institutional investors.

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.