U.S. Global Investors (NASDAQ:GROW) Now Covered by StockNews.com

Equities researchers 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 Performance

NASDAQ GROW opened at $2.69 on Friday. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.30. The stock has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $2.78. The stock has a market cap of $38.01 million, a P/E ratio of 11.70 and a beta of 1.97.

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

Institutional Inflows and Outflows

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

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.