StockNews.com assumed coverage on shares of U.S. Global Investors (NASDAQ:GROW – Free Report) in a report issued on Friday morning. The brokerage issued a hold rating on the asset manager’s stock.
U.S. Global Investors Price Performance
NASDAQ:GROW opened at $2.69 on Friday. The company has a market capitalization of $38.01 million, a P/E ratio of 11.70 and a beta of 1.97. The stock’s fifty day moving average is $2.70 and its two-hundred day moving average is $2.77. U.S. Global Investors has a 52 week low of $2.47 and a 52 week high of $3.30.
U.S. Global Investors (NASDAQ:GROW – Get Free Report) last posted its earnings results on Thursday, February 8th. The asset manager reported $0.09 earnings per share (EPS) for the quarter. U.S. Global Investors had a return on equity of 6.24% and a net margin of 25.04%. The firm had revenue of $2.82 million for the quarter.
U.S. Global Investors Increases Dividend
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in U.S. Global Investors stock. Vima LLC acquired a new stake in U.S. Global Investors, Inc. (NASDAQ:GROW – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,458 shares of the asset manager’s stock, valued at approximately $117,000. Vima LLC owned 0.29% of U.S. Global Investors as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 23.62% of the company’s stock.
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.
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