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

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

Westwood Holdings Group Price Performance

WHG stock opened at $12.69 on Wednesday. The firm has a market capitalization of $117.89 million, a P/E ratio of 9.33 and a beta of 1.15. Westwood Holdings Group has a 52-week low of $8.91 and a 52-week high of $13.63. The company’s 50 day simple moving average is $12.71 and its 200-day simple moving average is $12.51.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share for the quarter. The firm had revenue of $22.69 million for 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

Several institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp grew its position in 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 purchasing an additional 47,047 shares in the last quarter. Empowered Funds LLC boosted its stake 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 buying an additional 1,575 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Westwood Holdings Group during the 4th quarter valued at $166,000. Russell Investments Group Ltd. increased its stake in shares of Westwood Holdings Group by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after acquiring an additional 34,697 shares during the last quarter. Finally, Gabelli Funds LLC raised its holdings in shares of Westwood Holdings Group by 2.1% during the fourth quarter. Gabelli Funds LLC now owns 99,546 shares of the asset manager’s stock worth $1,251,000 after acquiring an additional 2,050 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.