StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the asset manager’s stock.
U.S. Global Investors Stock Performance
U.S. Global Investors stock opened at $2.53 on Thursday. U.S. Global Investors has a fifty-two week low of $2.47 and a fifty-two week high of $3.11. The firm’s 50-day simple moving average is $2.57 and its 200 day simple moving average is $2.63. The stock has a market cap of $34.61 million, a PE ratio of 21.08 and a beta of 1.83.
U.S. Global Investors (NASDAQ:GROW – Get Free Report) last announced its earnings results on Tuesday, September 10th. The asset manager reported $0.02 earnings per share for the quarter. The firm had revenue of $2.44 million for the quarter. U.S. Global Investors had a return on equity of 2.66% and a net margin of 12.14%.
U.S. Global Investors Announces Dividend
Institutional Inflows and Outflows
An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC purchased a new position in U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors at the end of the most recent quarter. 23.62% of the stock is 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.
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