Equities research analysts at StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHG - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating on the asset manager's stock.
Westwood Holdings Group Stock Up 6.0 %
Shares of NYSE WHG traded up $0.89 during midday trading on Tuesday, reaching $15.77. 16,094 shares of the company were exchanged, compared to its average volume of 11,586. The stock's 50-day moving average price is $13.87 and its 200-day moving average price is $12.97. The stock has a market cap of $146.44 million, a P/E ratio of 10.94 and a beta of 1.15. Westwood Holdings Group has a one year low of $8.95 and a one year high of $18.03.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The asset manager reported ($0.18) EPS for the quarter. The business had revenue of $22.69 million for the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%.
Institutional Investors Weigh In On Westwood Holdings Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in Westwood Holdings Group by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager's stock valued at $8,294,000 after acquiring an additional 12,680 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Westwood Holdings Group by 2.9% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager's stock valued at $5,595,000 after buying an additional 13,012 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Westwood Holdings Group by 2.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager's stock valued at $5,643,000 after buying an additional 9,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Westwood Holdings Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager's stock valued at $2,971,000 after buying an additional 5,793 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Westwood Holdings Group by 16.7% during the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager's stock valued at $2,985,000 after buying an additional 34,697 shares in the last quarter. 56.64% of the stock is owned by institutional investors.
About Westwood Holdings Group
(
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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