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

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

U.S. Global Investors Stock Performance

NASDAQ GROW opened at $2.58 on Tuesday. U.S. Global Investors has a twelve month low of $2.47 and a twelve month high of $3.11. The stock has a market capitalization of $35.90 million, a PE ratio of 21.50 and a beta of 1.83. The stock has a 50-day simple moving average of $2.59 and a 200 day simple moving average of $2.64.

Hedge Funds Weigh In On U.S. Global Investors

An institutional investor recently bought a new position in U.S. Global Investors stock. Vima LLC acquired a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.