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

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

U.S. Global Investors Trading Down 1.2 %

Shares of NASDAQ:GROW opened at $2.53 on Monday. The company has a market cap of $35.20 million, a price-to-earnings ratio of 21.08 and a beta of 1.83. U.S. Global Investors has a 12 month low of $2.47 and a 12 month high of $3.11. The company has a 50-day moving average price of $2.59 and a 200 day moving average price of $2.64.

Institutional Trading of 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 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 & Exchange Commission. The firm 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 reporting period. 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.