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

Investment analysts at StockNews.com began coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research report issued to clients and investors on Monday. The firm set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group Stock Up 4.5 %

Shares of WHG stock opened at $12.87 on Monday. The firm has a market capitalization of $119.56 million, a P/E ratio of 9.46 and a beta of 1.17. Westwood Holdings Group has a twelve month low of $8.91 and a twelve month high of $13.63. The stock’s fifty day simple moving average is $12.51 and its 200 day simple moving average is $12.45.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share for the quarter. The firm 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

A number of institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. grew its position in shares of Westwood Holdings Group by 2.9% in 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 during the last quarter. Garner Asset Management Corp lifted its stake in shares of Westwood Holdings Group by 85.4% in the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after purchasing an additional 53,870 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Westwood Holdings Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after purchasing an additional 5,793 shares during the period. Gabelli Funds LLC lifted its stake in shares of Westwood Holdings Group by 5.2% in the 1st quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock valued at $1,290,000 after purchasing an additional 5,127 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Westwood Holdings Group by 2.1% in 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 purchasing an additional 9,500 shares during the period. 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.