StockNews.com Initiates Coverage on Westwood Holdings Group (NYSE:WHG)

Investment analysts at StockNews.com started coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research report issued on Wednesday. The brokerage set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group Trading Up 0.5 %

NYSE WHG opened at $12.69 on Wednesday. The company has a 50-day moving average price of $12.71 and a two-hundred day moving average price of $12.51. Westwood Holdings Group has a 52 week low of $8.91 and a 52 week high of $13.63. The stock has a market cap of $117.89 million, a price-to-earnings ratio of 9.33 and a beta of 1.15.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $22.69 million during the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%.

Institutional Trading of Westwood Holdings Group

Institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp increased its stake in shares of Westwood Holdings Group by 352.5% during the fourth quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager’s stock valued at $714,000 after acquiring an additional 47,047 shares during the period. Empowered Funds LLC increased its position in shares of Westwood Holdings Group by 7.6% during the 1st quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock valued at $275,000 after purchasing an additional 1,575 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Westwood Holdings Group during the 4th quarter valued at $166,000. Russell Investments Group Ltd. raised its stake in shares of Westwood Holdings Group by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after buying an additional 34,697 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings in shares of Westwood Holdings Group by 2.1% in the fourth quarter. Gabelli Funds LLC now owns 99,546 shares of the asset manager’s stock valued at $1,251,000 after buying an additional 2,050 shares during the period. 56.64% of the stock is owned by institutional investors and hedge funds.

Westwood Holdings Group Company Profile

Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment.