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

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

U.S. Global Investors Stock Performance

GROW stock opened at $2.31 on Tuesday. U.S. Global Investors has a twelve month low of $2.28 and a twelve month high of $2.95. The company’s 50 day moving average is $2.43 and its two-hundred day moving average is $2.47. The stock has a market cap of $30.84 million, a P/E ratio of 77.03 and a beta of 1.82.

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

Institutional Trading of U.S. Global Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings 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 period. XTX Topco Ltd acquired a new position in shares of U.S. Global Investors in the 4th quarter valued at $26,000. Gator Capital Management LLC increased its holdings in shares of 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 valued at $1,100,000 after acquiring an additional 154,836 shares during the period. Finally, Samalin Investment Counsel LLC acquired a new position in shares of U.S. Global Investors in the 4th quarter valued at $41,000. 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.