U.S. Global Investors (NASDAQ:GROW) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of U.S. Global Investors (NASDAQ:GROW) from a hold rating to a sell rating in a research note issued to investors on Saturday, ValuEngine reports.

Separately, TheStreet raised U.S. Global Investors from a d+ rating to a c- rating in a report on Thursday, August 29th.

U.S. Global Investors stock traded down $0.02 during midday trading on Friday, hitting $2.00. 44,812 shares of the company were exchanged, compared to its average volume of 94,762. U.S. Global Investors has a fifty-two week low of $0.92 and a fifty-two week high of $2.29. The business has a fifty day simple moving average of $1.93 and a two-hundred day simple moving average of $1.45.

A number of hedge funds have recently modified their holdings of the business. Perritt Capital Management Inc. boosted its position in U.S. Global Investors by 6.2% during the second quarter. Perritt Capital Management Inc. now owns 740,000 shares of the asset manager’s stock worth $1,339,000 after purchasing an additional 43,178 shares in the last quarter. Toroso Investments LLC boosted its position in U.S. Global Investors by 6.2% during the second quarter. Toroso Investments LLC now owns 272,826 shares of the asset manager’s stock worth $493,000 after purchasing an additional 15,902 shares in the last quarter. Vanguard Group Inc. boosted its position in U.S. Global Investors by 23.4% during the second quarter. Vanguard Group Inc. now owns 243,733 shares of the asset manager’s stock worth $441,000 after purchasing an additional 46,282 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new position in U.S. Global Investors during the second quarter worth approximately $64,000. Finally, FNY Investment Advisers LLC purchased a new position in U.S. Global Investors during the second quarter worth approximately $31,000. Institutional investors own 23.02% of the company’s stock.

U.S. Global Investors Company Profile

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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