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

Investment analysts at StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report issued to clients and investors 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 $2.54 on Friday. The stock has a fifty day moving average price of $2.60 and a two-hundred day moving average price of $2.65. U.S. Global Investors has a 52-week low of $2.47 and a 52-week high of $3.11. The company has a market cap of $35.33 million, a price-to-earnings ratio of 21.17 and a beta of 1.79.

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 shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent SEC filing. 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.