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

StockNews.com initiated coverage on shares of Westwood Holdings Group (NYSE:WHG) in a note issued to investors on Thursday. The firm set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group Stock Down 1.3 %

NYSE WHG opened at $12.59 on Thursday. Westwood Holdings Group has a 12-month low of $8.91 and a 12-month high of $13.63. The company has a market capitalization of $117.25 million, a PE ratio of 9.26 and a beta of 1.15. The firm’s 50 day moving average is $12.76 and its 200-day moving average is $12.53.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data 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.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently made changes to their positions in WHG. Gabelli Funds LLC grew its stake 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 in the last quarter. Garner Asset Management Corp boosted 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 worth $714,000 after purchasing an additional 47,047 shares during the period. SpiderRock Advisors LLC bought a new position in Westwood Holdings Group during the first quarter worth $144,000. North Star Investment Management Corp. boosted its position in Westwood Holdings Group by 1.0% during the first quarter. North Star Investment Management Corp. now owns 353,837 shares of the asset manager’s stock worth $4,359,000 after purchasing an additional 3,520 shares during the period. Finally, Prosperity Consulting Group LLC bought a new position in Westwood Holdings Group during the first quarter worth $537,000. 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.