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

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

U.S. Global Investors Stock Performance

U.S. Global Investors stock opened at $2.43 on Monday. The stock has a fifty day moving average of $2.44 and a 200-day moving average of $2.47. U.S. Global Investors has a 52 week low of $2.38 and a 52 week high of $2.95. The stock has a market capitalization of $32.45 million, a P/E ratio of 81.03 and a beta of 1.82.

U.S. Global Investors (NASDAQ:GROW) last announced its earnings results on Wednesday, February 12th. The asset manager reported ($0.01) EPS 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 bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of U.S. Global Investors by 7.5% in the 4th 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 last quarter. XTX Topco Ltd bought a new position in shares of U.S. Global Investors during the 4th quarter valued at $26,000. Samalin Investment Counsel LLC bought a new position in U.S. Global Investors in the fourth quarter worth approximately $41,000. Finally, Gator Capital Management LLC increased its holdings in U.S. Global Investors by 52.3% in 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 in the last quarter. Hedge funds and other 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.