U.S. Global Investors (NASDAQ:GROW) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of U.S. Global Investors (NASDAQ:GROWGet Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the asset manager’s stock.

U.S. Global Investors Price Performance

Shares of U.S. Global Investors stock opened at $2.88 on Wednesday. The stock has a market cap of $42.97 million, a price-to-earnings ratio of 13.11 and a beta of 2.12. The firm’s 50-day moving average is $2.90 and its two-hundred day moving average is $3.82. U.S. Global Investors has a 1 year low of $2.64 and a 1 year high of $6.37.

U.S. Global Investors (NASDAQ:GROWGet Rating) last released its quarterly earnings data on Thursday, September 1st. The asset manager reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $5.44 million for the quarter. U.S. Global Investors had a net margin of 14.28% and a return on equity of 5.65%.

Insider Buying and Selling at U.S. Global Investors

In other news, CEO Frank E. Holmes purchased 10,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $3.23 per share, with a total value of $32,300.00. Following the completion of the transaction, the chief executive officer now owns 261,486 shares in the company, valued at approximately $844,599.78. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On U.S. Global Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in U.S. Global Investors in the second quarter worth $96,000. Dimensional Fund Advisors LP increased its position in U.S. Global Investors by 47.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 82,960 shares of the asset manager’s stock valued at $238,000 after buying an additional 26,848 shares in the last quarter. SMH Capital Advisors Inc. increased its stake in U.S. Global Investors by 1,301.8% during the 3rd quarter. SMH Capital Advisors Inc. now owns 139,577 shares of the asset manager’s stock valued at $401,000 after purchasing an additional 129,620 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in shares of U.S. Global Investors in the first quarter worth $471,000. Finally, Kanen Wealth Management LLC acquired a new stake in shares of U.S. Global Investors during the second quarter worth $2,001,000. Hedge funds and other institutional investors own 27.42% of the company’s stock.

U.S. Global Investors Company Profile

(Get Rating)

U.S. Global Investors, Inc is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also provides its services to pooled investment vehicles. The firm manages equity and fixed income mutual funds for its clients. It also manages hedge funds. The firm also manages exchange traded funds.

Read More

Receive News & Ratings for U.S. Global Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Global Investors and related companies with MarketBeat.com's FREE daily email newsletter.