StockNews.com Initiates Coverage on Westwood Holdings Group (NYSE:WHG)

StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHG) in a report released on Tuesday. The firm set a “hold” rating on the asset manager’s stock.

Westwood Holdings Group Trading Up 2.0 %

WHG stock opened at $15.95 on Tuesday. The stock has a 50-day moving average price of $14.02 and a two-hundred day moving average price of $13.01. Westwood Holdings Group has a 12-month low of $8.95 and a 12-month high of $18.03. The company has a market cap of $148.11 million, a PE ratio of 11.73 and a beta of 1.15.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings results 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 firm had revenue of $22.69 million for the quarter.

Institutional Investors Weigh In On Westwood Holdings Group

Institutional investors and hedge funds have recently modified their holdings of the stock. SpiderRock Advisors LLC purchased a new stake in shares of Westwood Holdings Group in the first quarter worth about $144,000. Empowered Funds LLC boosted its position in shares of Westwood Holdings Group by 7.6% in the first quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock worth $275,000 after buying an additional 1,575 shares during the period. Prosperity Consulting Group LLC purchased a new stake in shares of Westwood Holdings Group in the first quarter worth about $537,000. Garner Asset Management Corp boosted its position in shares of Westwood Holdings Group by 4.4% in the first quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock worth $777,000 after buying an additional 2,672 shares during the period. Finally, Gabelli Funds LLC boosted its position in shares of Westwood Holdings Group by 5.2% in the first quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock worth $1,290,000 after buying an additional 5,127 shares during the period. Hedge funds and other institutional investors own 56.64% of the company’s stock.

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.