Westwood Holdings Group (NYSE:WHG) Now Covered by StockNews.com

StockNews.com started coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research report report published on Tuesday morning. The firm issued a hold rating on the asset manager’s stock.

Westwood Holdings Group Price Performance

WHG stock opened at $15.53 on Tuesday. The company’s 50 day simple moving average is $14.08 and its 200-day simple moving average is $13.03. Westwood Holdings Group has a 52-week low of $8.95 and a 52-week high of $18.03. The firm has a market capitalization of $144.21 million, a P/E ratio of 11.42 and a beta of 1.15.

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

Institutional Investors Weigh In On Westwood Holdings Group

Institutional investors have recently bought and sold shares of the business. SpiderRock Advisors LLC purchased a new stake in shares of Westwood Holdings Group in the first quarter worth approximately $144,000. Empowered Funds LLC increased its stake in Westwood Holdings Group by 7.6% in the 1st quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock valued at $275,000 after buying an additional 1,575 shares during the period. Prosperity Consulting Group LLC purchased a new stake in Westwood Holdings Group in the 1st quarter worth approximately $537,000. Garner Asset Management Corp boosted its stake in shares of Westwood Holdings Group by 4.4% during the 1st quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock valued at $777,000 after buying an additional 2,672 shares during the period. Finally, Gabelli Funds LLC grew its holdings in shares of Westwood Holdings Group by 5.2% during the 1st quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after acquiring an additional 5,127 shares in the last quarter. 56.64% of the stock is currently 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.