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

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

U.S. Global Investors Stock Performance

Shares of GROW opened at $2.12 on Friday. U.S. Global Investors has a fifty-two week low of $2.05 and a fifty-two week high of $2.90. The business has a 50-day moving average of $2.36 and a 200 day moving average of $2.42. The firm has a market cap of $28.31 million, a P/E ratio of 70.69 and a beta of 1.80.

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

Hedge Funds Weigh In On U.S. Global Investors

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in U.S. Global Investors in the 4th quarter worth about $26,000. Samalin Investment Counsel LLC purchased a new stake in shares of U.S. Global Investors in the fourth quarter worth about $41,000. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 4,338 shares during the period. Finally, Gator Capital Management LLC grew its stake in U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after acquiring an additional 154,836 shares in the last quarter. 23.62% of the stock is currently 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.