U.S. Global Investors (NASDAQ:GROW) Issues Earnings Results

U.S. Global Investors (NASDAQ:GROW – Get Rating) released its quarterly earnings data on Friday. The asset manager reported $0.06 EPS for the quarter, reports. The company had revenue of $3.73 million for the quarter. U.S. Global Investors had a return on equity of 0.92% and a net margin of 2.56%.

U.S. Global Investors Price Performance

Shares of GROW opened at $2.79 on Monday. The firm has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $2.83. The company has a market cap of $41.57 million, a P/E ratio of 69.75 and a beta of 1.99. U.S. Global Investors has a one year low of $2.41 and a one year high of $4.90.

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Analyst Ratings Changes

Separately, StockNews.com assumed coverage on U.S. Global Investors in a report on Sunday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On U.S. Global Investors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Toroso Investments LLC boosted its holdings in U.S. Global Investors by 5.7% during the 1st quarter. Toroso Investments LLC now owns 101,821 shares of the asset manager’s stock valued at $269,000 after acquiring an additional 5,500 shares during the period. Renaissance Technologies LLC raised its position in shares of U.S. Global Investors by 77.5% in the 1st quarter. Renaissance Technologies LLC now owns 73,368 shares of the asset manager’s stock worth $196,000 after acquiring an additional 32,045 shares in the last quarter. BlackRock Inc. increased its position in U.S. Global Investors by 25.6% during the 1st quarter. BlackRock Inc. now owns 339,435 shares of the asset manager’s stock valued at $906,000 after buying an additional 69,281 shares in the last quarter. Formidable Asset Management LLC increased its position in U.S. Global Investors by 16.7% during the 1st quarter. Formidable Asset Management LLC now owns 37,300 shares of the asset manager’s stock valued at $100,000 after buying an additional 5,350 shares in the last quarter. Finally, Millennium Management LLC increased its position in U.S. Global Investors by 150.8% during the 4th quarter. Millennium Management LLC now owns 49,463 shares of the asset manager’s stock valued at $143,000 after buying an additional 29,738 shares in the last quarter. Institutional investors own 27.39% of the company’s stock.

About U.S. Global Investors

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U.S. Global Investors, Inc engages in the provision of investment advisory services. It operates through the Investment Management Services and Corporate Investments segments. The Investment Management Services segment offers a range of investment management products and services to offshore and exchange traded fund clients.

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