U.S. Global Investors (NASDAQ:GROW) Now Covered by StockNews.com

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

U.S. Global Investors Stock Performance

Shares of GROW stock opened at $2.38 on Tuesday. U.S. Global Investors has a one year low of $2.37 and a one year high of $2.95. The company has a 50 day moving average price of $2.43 and a 200 day moving average price of $2.47. The firm has a market capitalization of $31.78 million, a price-to-earnings ratio of 79.36 and a beta of 1.82.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS for the quarter. U.S. Global Investors had a return on equity of 1.05% and a net margin of 5.40%.

Institutional Investors Weigh In On U.S. Global Investors

Several institutional investors have recently bought and sold shares of GROW. XTX Topco Ltd purchased a new position in shares of U.S. Global Investors in the fourth quarter valued at $26,000. Samalin Investment Counsel LLC purchased a new position in shares of U.S. Global Investors in the fourth quarter valued at $41,000. Dimensional Fund Advisors LP boosted its stake in shares of U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares during the period. Finally, Gator Capital Management LLC boosted its stake in shares of U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the period. 23.62% of the stock is currently owned by hedge funds and other 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.