U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report released on Saturday. The firm set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Performance

NASDAQ GROW opened at $2.68 on Friday. The business’s 50 day moving average is $2.70 and its two-hundred day moving average is $2.77. U.S. Global Investors has a 12-month low of $2.47 and a 12-month high of $3.30. The stock has a market capitalization of $37.87 million, a price-to-earnings ratio of 11.65 and a beta of 1.96.

U.S. Global Investors (NASDAQ:GROW) last released its earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%. The company had revenue of $2.82 million for the quarter.

Institutional Investors Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC bought a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 0.29% of U.S. Global Investors as of its most recent filing with the Securities and Exchange Commission. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.