Westwood Holdings Group (NYSE:WHG) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Westwood Holdings Group (NYSE:WHG) in a note issued to investors on Monday. The brokerage set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group Trading Down 1.5 %

Westwood Holdings Group stock opened at $15.75 on Monday. The firm has a 50 day moving average of $13.48 and a 200 day moving average of $12.87. The firm has a market capitalization of $146.32 million, a price-to-earnings ratio of 21.58 and a beta of 1.15. Westwood Holdings Group has a 12-month low of $8.91 and a 12-month high of $16.67.

Westwood Holdings Group (NYSE:WHG) last announced 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 company had revenue of $22.69 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WHG. SpiderRock Advisors LLC bought a new position in shares of Westwood Holdings Group during the 1st quarter valued at approximately $144,000. Empowered Funds LLC boosted its position 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 acquiring an additional 1,575 shares during the last quarter. Prosperity Consulting Group LLC bought a new position in shares of Westwood Holdings Group during the 1st quarter valued at approximately $537,000. Garner Asset Management Corp boosted its position 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 acquiring an additional 2,672 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position 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 during the last quarter. 56.64% of the stock is currently 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.