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

StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROWGet Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Stock Down 4.2 %

Shares of NASDAQ GROW opened at $2.27 on Friday. The firm’s 50-day moving average price is $2.38 and its two-hundred day moving average price is $2.43. U.S. Global Investors has a 52-week low of $2.20 and a 52-week high of $2.95. The stock has a market capitalization of $30.31 million, a P/E ratio of 75.69 and a beta of 1.80.

U.S. Global Investors (NASDAQ:GROWGet Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share (EPS) 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

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in U.S. Global Investors by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock valued at $151,000 after purchasing an additional 4,338 shares during the period. XTX Topco Ltd bought a new stake in shares of U.S. Global Investors during the fourth quarter valued at approximately $26,000. Samalin Investment Counsel LLC bought a new stake in shares of U.S. Global Investors during the fourth quarter valued at approximately $41,000. Finally, Gator Capital Management LLC boosted its position in shares of 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 worth $1,100,000 after buying an additional 154,836 shares during the period. Institutional investors and hedge funds own 23.62% of the company’s stock.

U.S. Global Investors Company Profile

(Get Free Report)

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.

Further Reading

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