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

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

U.S. Global Investors Stock Down 1.2 %

Shares of U.S. Global Investors stock opened at $2.54 on Tuesday. U.S. Global Investors has a 12 month low of $2.47 and a 12 month high of $3.11. The stock has a market cap of $35.33 million, a PE ratio of 21.17 and a beta of 1.83. The business has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $2.64.

Institutional Investors Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned about 0.29% of U.S. Global Investors at the end of the most recent quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

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.