U.S. Global Investors (NASDAQ:GROW) Coverage Initiated at StockNews.com

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

U.S. Global Investors Price Performance

Shares of NASDAQ:GROW opened at $2.67 on Monday. The firm has a market capitalization of $37.73 million, a PE ratio of 22.25 and a beta of 1.96. The business has a 50 day simple moving average of $2.71 and a two-hundred day simple moving average of $2.77. U.S. Global Investors has a 1 year low of $2.47 and a 1 year high of $3.30.

Institutional Investors 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 stake in U.S. Global Investors, Inc. (NASDAQ:GROW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. 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.