StockNews.com Begins 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 Friday. The brokerage set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.37 on Friday. The firm has a market cap of $31.64 million, a P/E ratio of 79.03 and a beta of 1.80. U.S. Global Investors has a twelve month low of $2.20 and a twelve month high of $2.95. The firm’s 50 day moving average price is $2.38 and its two-hundred day moving average price is $2.44.

U.S. Global Investors (NASDAQ:GROW) last issued its quarterly earnings data 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

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $26,000. Samalin Investment Counsel LLC bought a new position in U.S. Global Investors in the fourth quarter valued at $41,000. Dimensional Fund Advisors LP grew its position in 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 in the last quarter. Finally, Gator Capital Management LLC increased its stake in U.S. Global Investors by 52.3% in the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after buying an additional 154,836 shares during the last quarter. Institutional investors own 23.62% of the company’s stock.

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.