Westwood Holdings Group (NYSE:WHG) Issues Quarterly Earnings Results

Westwood Holdings Group (NYSE:WHG) posted its quarterly earnings data on Wednesday. The asset manager reported $0.35 earnings per share for the quarter, Zacks reports. Westwood Holdings Group had a net margin of 2.92% and a return on equity of 3.27%.

Westwood Holdings Group Stock Performance

Shares of WHG traded down $0.00 during trading hours on Thursday, hitting $16.39. 3,822 shares of the stock were exchanged, compared to its average volume of 12,736. The stock’s 50-day moving average price is $15.13 and its two-hundred day moving average price is $14.52. Westwood Holdings Group has a 12-month low of $11.01 and a 12-month high of $18.03. The company has a market cap of $151.93 million, a price-to-earnings ratio of 49.65 and a beta of 1.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.