SMH Capital Advisors Inc. Sells 4,684 Shares of U.S. Global Investors, Inc. (NASDAQ:GROW)

SMH Capital Advisors Inc. decreased its position in U.S. Global Investors, Inc. (NASDAQ:GROW) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,318 shares of the asset manager’s stock after selling 4,684 shares during the quarter. U.S. Global Investors accounts for 0.9% of SMH Capital Advisors Inc.’s portfolio, making the stock its 28th biggest holding. SMH Capital Advisors Inc. owned approximately 0.77% of U.S. Global Investors worth $280,000 at the end of the most recent quarter.

Separately, Vima LLC bought a new position in shares of U.S. Global Investors in the 4th quarter worth $117,000. 23.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on U.S. Global Investors in a research note on Tuesday. They issued a “hold” rating for the company.

U.S. Global Investors Trading Down 1.2 %

Shares of GROW opened at $2.54 on Thursday. U.S. Global Investors, Inc. has a 12 month low of $2.47 and a 12 month high of $3.11. The stock’s 50 day moving average is $2.59 and its two-hundred day moving average is $2.64. The firm has a market cap of $35.33 million, a P/E ratio of 21.17 and a beta of 1.83.

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.