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

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

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock opened at $2.12 on Friday. The firm has a market cap of $28.31 million, a price-to-earnings ratio of 70.69 and a beta of 1.90. The stock’s 50-day moving average is $2.36 and its 200-day moving average is $2.42. U.S. Global Investors has a one year low of $2.05 and a one year high of $2.90.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results 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 modified their holdings of the stock. Gator Capital Management LLC boosted its position in U.S. Global Investors by 52.3% during the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock valued at $1,100,000 after purchasing an additional 154,836 shares during the last quarter. Samalin Investment Counsel LLC bought a new stake in shares of U.S. Global Investors during the 4th quarter worth approximately $41,000. Dimensional Fund Advisors LP boosted 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 buying an additional 4,338 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of U.S. Global Investors in the fourth quarter valued at $26,000. 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.