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

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

U.S. Global Investors Price Performance

U.S. Global Investors stock opened at $2.61 on Friday. The stock’s 50 day moving average is $2.63 and its 200 day moving average is $2.71. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.30. The firm has a market cap of $36.31 million, a P/E ratio of 21.75 and a beta of 1.96.

Hedge Funds Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC bought a new stake in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the 4th quarter, according to the company in its most recent 13F filing 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 at the end of the most recent reporting period. Institutional investors and hedge funds 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.