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

Investment analysts at StockNews.com started coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research report issued to clients and investors on Thursday. The firm set a “strong-buy” rating on the asset manager’s stock.

Westwood Holdings Group Stock Performance

Shares of NYSE:WHG opened at $13.37 on Thursday. Westwood Holdings Group has a 52 week low of $8.91 and a 52 week high of $13.63. The firm has a market cap of $124.47 million, a PE ratio of 9.83 and a beta of 1.17. The firm’s fifty day moving average is $12.41 and its 200-day moving average is $12.33.

Westwood Holdings Group (NYSE:WHG) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 12.53% and a net margin of 13.39%. The business had revenue of $22.73 million during the quarter.

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors have recently modified their holdings of WHG. Assenagon Asset Management S.A. acquired a new position in Westwood Holdings Group in the fourth quarter valued at $127,000. SpiderRock Advisors LLC acquired a new position in shares of Westwood Holdings Group in the 1st quarter valued at about $144,000. Hillsdale Investment Management Inc. bought a new stake in shares of Westwood Holdings Group during the 4th quarter valued at about $166,000. Cerity Partners LLC bought a new stake in shares of Westwood Holdings Group during the 4th quarter valued at about $258,000. Finally, Empowered Funds LLC grew its stake in Westwood Holdings Group by 7.6% during the first quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock worth $275,000 after purchasing an additional 1,575 shares during the period. 56.64% of the stock is owned by institutional investors.

About Westwood Holdings Group

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.