U.S. Global Investors (NASDAQ:GROW) Research Coverage Started at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.55 on Thursday. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.11. The firm has a 50-day simple moving average of $2.57 and a 200-day simple moving average of $2.63. The company has a market capitalization of $34.89 million, a price-to-earnings ratio of 21.25 and a beta of 1.83.

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 purchased a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 SEC filing. 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.