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

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

U.S. Global Investors Stock Down 0.2 %

Shares of GROW stock opened at $2.43 on Friday. The firm has a market capitalization of $33.17 million, a P/E ratio of 20.21 and a beta of 1.83. U.S. Global Investors has a twelve month low of $2.40 and a twelve month high of $3.11. The stock’s fifty day simple moving average is $2.55 and its 200 day simple moving average is $2.63.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors at the end of the most recent quarter. Institutional investors and hedge funds own 23.62% of the company’s stock.

About U.S. Global Investors

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.