Westwood Holdings Group (NYSE:WHG) Earns Buy Rating from Analysts at StockNews.com

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

Westwood Holdings Group Stock Performance

WHG opened at $12.87 on Monday. Westwood Holdings Group has a fifty-two week low of $8.91 and a fifty-two week high of $13.63. The company has a fifty day moving average of $12.51 and a two-hundred day moving average of $12.45. The stock has a market capitalization of $119.56 million, a price-to-earnings ratio of 9.46 and a beta of 1.17.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings data 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 firm had revenue of $22.69 million during the quarter.

Institutional Trading of Westwood Holdings Group

A number of institutional investors and hedge funds have recently modified their holdings of WHG. Garner Asset Management Corp increased its stake in shares of Westwood Holdings Group by 85.4% during the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after purchasing an additional 53,870 shares in the last quarter. Prosperity Consulting Group LLC purchased a new stake in shares of Westwood Holdings Group during the first quarter worth about $537,000. Russell Investments Group Ltd. increased its stake in shares of Westwood Holdings Group by 16.7% during the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 34,697 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Westwood Holdings Group during the fourth quarter worth about $258,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Westwood Holdings Group during the fourth quarter worth about $166,000. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.