Equities research analysts at StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHG - Get Free Report) in a report released on Saturday. The firm set a "buy" rating on the asset manager's stock.
Westwood Holdings Group Price Performance
WHG traded down $0.09 during midday trading on Friday, reaching $14.33. 4,820 shares of the company's stock were exchanged, compared to its average volume of 10,345. Westwood Holdings Group has a 1-year low of $8.91 and a 1-year high of $15.19. The business's 50-day moving average price is $12.99 and its 200 day moving average price is $12.68. The stock has a market capitalization of $133.46 million, a PE ratio of 10.54 and a beta of 1.15.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share for the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%. The company had revenue of $22.69 million for the quarter.
Institutional Trading of Westwood Holdings Group
Several hedge funds and other institutional investors have recently bought and sold shares of WHG. Garner Asset Management Corp increased its stake in shares of Westwood Holdings Group by 85.4% during the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager's stock valued at $1,424,000 after acquiring an additional 53,870 shares during the last quarter. Empowered Funds LLC raised its stake in 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 during the period. Russell Investments Group Ltd. boosted its holdings in shares of Westwood Holdings Group by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager's stock valued at $2,985,000 after purchasing an additional 34,697 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Westwood Holdings Group by 2.1% during the 4th 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 during the period. Finally, SpiderRock Advisors LLC acquired a new stake in shares of Westwood Holdings Group during the 1st quarter worth $144,000. 56.64% of the stock is owned by hedge funds and other institutional investors.
Westwood Holdings Group Company Profile
(
Get Free Report)
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.
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