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

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

U.S. Global Investors Trading Down 0.2 %

NASDAQ:GROW opened at $2.43 on Friday. The stock has a market cap of $33.17 million, a P/E ratio of 20.21 and a beta of 1.83. The stock has a 50 day simple moving average of $2.55 and a 200 day simple moving average of $2.63. U.S. Global Investors has a 1-year low of $2.40 and a 1-year high of $3.11.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share for the quarter. The business had revenue of $2.44 million during the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%.

Hedge Funds Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.