Westwood Holdings Group (NYSE:WHG) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Westwood Holdings Group (NYSE:WHG) in a report released on Saturday. The brokerage set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group Price Performance

Shares of WHG opened at $14.33 on Friday. The firm has a market cap of $133.13 million, a P/E ratio of 10.54 and a beta of 1.15. Westwood Holdings Group has a 1 year low of $8.91 and a 1 year high of $15.19. The company has a 50 day simple moving average of $12.99 and a two-hundred day simple moving average of $12.68.

Westwood Holdings Group (NYSE:WHG) last posted its earnings results on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share 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 Investors Weigh In On Westwood Holdings Group

Hedge funds and other institutional investors have recently modified their holdings of the business. SpiderRock Advisors LLC purchased a new position in shares of Westwood Holdings Group during the first quarter valued at $144,000. Empowered Funds LLC increased its position in shares of 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 in the last quarter. Prosperity Consulting Group LLC acquired a new stake in shares of Westwood Holdings Group in the 1st quarter worth $537,000. Garner Asset Management Corp increased its position in Westwood Holdings Group by 352.5% during the 4th quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager’s stock valued at $714,000 after buying an additional 47,047 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in Westwood Holdings Group by 2.1% in the 4th quarter. Gabelli Funds LLC now owns 99,546 shares of the asset manager’s stock worth $1,251,000 after purchasing an additional 2,050 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

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.