StockNews.com Initiates Coverage on U.S. Global Investors with Hold Rating

Recently, StockNews.com began its analysis of U.S. Global Investors (NASDAQ:GROW) by issuing a research note to investors. The firm established a 'hold' rating for the asset management company's stock, indicating a neutral stance on the company's current stock performance and potential outlook.

U.S. Global Investors Stock Performance

On Wednesday, shares of U.S. Global Investors opened trading at $2.69. Over the past year, the stock has seen a low of $2.41 and peaked at a high of $3.30. The company holds a market capitalization of roughly $40.08 million, with a price-to-earnings ratio of 11.70 and a beta coefficient of 2.02, suggesting higher volatility relative to the market. A look into the company's moving averages reveals a 50-day simple moving average at $2.82 and a 200-day simple moving average at $2.88.

U.S. Global Investors released their earnings report on December 14th, disclosing a minor earnings per share (EPS) loss of $0.01 for the quarter. The firm's return on equity stood at 6.24%, with a net margin of 25.04%, from a quarterly revenue of $3.13 million.

Institutional Trading of U.S. Global Investors

In the realm of institutional investments, there have been notable changes in the holdings of U.S. Global Investors shares. Vanguard Group Inc. increased their holdings by 2.7% in the third quarter, amounting to a total of 624,831 shares valued at $1,781,000 after additional purchases. Likewise, BlackRock Inc. upped its stake by 25.6%, now owning 339,435 shares. Other significant institutional investors such as Toroso Investments LLC, Dimensional Fund Advisors LP, and Renaissance Technologies LLC also adjusted their shares in U.S. Global Investors. As a whole, institutional investors retain about 25.20% of the company's stock.

About U.S. Global Investors

U.S. Global Investors, Inc. is an investment management firm that caters primarily to investment companies. The firm manages a variety of funds, including equity, balanced, and fixed-income funds, and provides portfolio management services for investment companies.

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