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

Investment analysts at StockNews.com began coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a report issued on Sunday. The firm set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Price Performance

Shares of NASDAQ GROW opened at $2.44 on Friday. The stock has a market capitalization of $33.01 million, a P/E ratio of 18.77 and a beta of 1.82. The company has a 50-day moving average price of $2.44 and a 200-day moving average price of $2.48. U.S. Global Investors has a 1 year low of $2.38 and a 1 year high of $2.95.

U.S. Global Investors (NASDAQ:GROW) last released its quarterly earnings results on Wednesday, February 12th. The asset manager reported ($0.01) earnings per share for the quarter. U.S. Global Investors had a return on equity of 3.68% and a net margin of 18.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Samalin Investment Counsel LLC bought a new stake in U.S. Global Investors in the fourth quarter worth about $41,000. Gator Capital Management LLC raised its position in U.S. Global Investors by 52.3% in the fourth quarter. Gator Capital Management LLC now owns 450,817 shares of the asset manager’s stock worth $1,100,000 after acquiring an additional 154,836 shares during the period. XTX Topco Ltd bought a new stake in U.S. Global Investors in the fourth quarter worth about $26,000. Finally, Dimensional Fund Advisors LP raised its position in U.S. Global Investors by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 61,944 shares of the asset manager’s stock worth $151,000 after acquiring an additional 4,338 shares during the period. 23.62% of the stock is currently owned by hedge funds and other 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.