Westwood Holdings Group (NYSE:WHG) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research note released on Friday. The firm issued a buy rating on the asset manager’s stock.

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $14.08 on Friday. The firm’s 50 day moving average price is $12.88 and its two-hundred day moving average price is $12.60. Westwood Holdings Group has a 52-week low of $8.91 and a 52-week high of $15.19. The stock has a market cap of $131.13 million, a PE ratio of 10.35 and a beta of 1.15.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) EPS 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.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, August 30th. Westwood Holdings Group’s payout ratio is 44.12%.

Institutional Investors Weigh In On Westwood Holdings Group

Hedge funds have recently bought and sold shares of the company. SpiderRock Advisors LLC bought a new stake in shares of Westwood Holdings Group in the 1st quarter valued at $144,000. Empowered Funds LLC raised its position in shares of 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. Prosperity Consulting Group LLC bought a new position in shares of Westwood Holdings Group during the 1st quarter valued at about $537,000. Garner Asset Management Corp grew its position in shares of Westwood Holdings Group by 352.5% in the 4th quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager’s stock valued at $714,000 after purchasing an additional 47,047 shares during the period. Finally, Gabelli Funds LLC increased its stake in Westwood Holdings Group by 2.1% during the 4th quarter. Gabelli Funds LLC now owns 99,546 shares of the asset manager’s stock worth $1,251,000 after purchasing an additional 2,050 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors and hedge funds.

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.