Westwood Holdings Group (NYSE:WHG) Coverage Initiated by Analysts at StockNews.com

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

Westwood Holdings Group Price Performance

WHG stock opened at $14.88 on Tuesday. The company has a fifty day moving average price of $13.83 and a 200 day moving average price of $12.96. 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 $138.24 million, a price-to-earnings ratio of 20.38 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) earnings per share (EPS) for the quarter. The firm had revenue of $22.69 million during the quarter. Westwood Holdings Group had a net margin of 7.63% and a return on equity of 7.86%.

Hedge Funds Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently made changes to their positions in WHG. SpiderRock Advisors LLC acquired a new position in shares of Westwood Holdings Group during the 1st quarter worth $144,000. Empowered Funds LLC grew its stake in shares of Westwood Holdings Group by 7.6% during the 1st 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 acquired a new stake in Westwood Holdings Group in the 1st quarter valued at about $537,000. Garner Asset Management Corp grew its stake in Westwood Holdings Group by 4.4% in the 1st quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock valued at $777,000 after acquiring an additional 2,672 shares during the last quarter. Finally, Gabelli Funds LLC grew its stake in 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 acquiring an additional 5,127 shares during the last quarter. 56.64% of the stock is 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.