U.S. Global Investors (NASDAQ:GROW) Receives New Coverage from Analysts at StockNews.com

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

U.S. Global Investors Price Performance

Shares of NASDAQ GROW opened at $2.58 on Tuesday. The business’s 50-day moving average price is $2.59 and its two-hundred day moving average price is $2.64. U.S. Global Investors has a one year low of $2.47 and a one year high of $3.11. The company has a market capitalization of $35.90 million, a P/E ratio of 21.50 and a beta of 1.83.

Institutional Trading of U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC purchased a new position in U.S. Global Investors, Inc. (NASDAQ:GROW) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 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 reporting period. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

About U.S. Global Investors

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.