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

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

U.S. Global Investors Price Performance

GROW opened at $2.30 on Wednesday. The business has a 50 day simple moving average of $2.42 and a two-hundred day simple moving average of $2.46. The firm has a market capitalization of $30.71 million, a price-to-earnings ratio of 76.69 and a beta of 1.80. U.S. Global Investors has a one year low of $2.27 and a one year high of $2.95.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after acquiring an additional 4,338 shares during the period. XTX Topco Ltd purchased a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $26,000. Gator Capital Management LLC grew its holdings in shares of U.S. Global Investors by 52.3% during the 4th quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after acquiring an additional 154,836 shares during the period. Finally, Samalin Investment Counsel LLC purchased a new position in shares of U.S. Global Investors during the 4th quarter worth approximately $41,000. 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.