StockNews.com Begins Coverage on U.S. Global Investors (NASDAQ:GROW)

StockNews.com started coverage on shares of U.S. Global Investors (NASDAQ:GROW) in a research report released on Tuesday morning. The brokerage issued a hold rating on the asset manager’s stock.

U.S. Global Investors Trading Up 2.2 %

Shares of GROW stock opened at $2.58 on Tuesday. The company has a market cap of $35.89 million, a P/E ratio of 21.50 and a beta of 1.83. The firm has a fifty day moving average price of $2.59 and a 200 day moving average price of $2.63. U.S. Global Investors has a 12 month low of $2.47 and a 12 month high of $3.11.

Hedge Funds Weigh In On U.S. Global Investors

A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC acquired a new position in shares of U.S. Global Investors, Inc. (NASDAQ:GROW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned approximately 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 and hedge funds.

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.