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

StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHGGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “buy” rating on the asset manager’s stock.

Shares of NYSE WHG opened at $16.36 on Friday. The company’s fifty day moving average price is $15.94 and its 200 day moving average price is $17.25. Westwood Holdings Group has a 1 year low of $14.65 and a 1 year high of $27.01. The company has a market capitalization of $140.53 million, a PE ratio of 13.19 and a beta of 1.37.

Westwood Holdings Group (NYSE:WHGGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The asset manager reported $0.42 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 13.36% and a return on equity of 9.27%. The firm had revenue of $19.39 million for the quarter.

A number of large investors have recently bought and sold shares of the business. JCP Investment Management LLC acquired a new position in Westwood Holdings Group during the fourth quarter worth $14,575,000. Allspring Global Investments Holdings LLC acquired a new position in Westwood Holdings Group during the fourth quarter worth $9,933,000. Deprince Race & Zollo Inc. raised its position in Westwood Holdings Group by 8.9% during the third quarter. Deprince Race & Zollo Inc. now owns 354,815 shares of the asset manager’s stock worth $6,741,000 after acquiring an additional 28,954 shares during the period. King Luther Capital Management Corp raised its position in Westwood Holdings Group by 6.4% during the third quarter. King Luther Capital Management Corp now owns 252,877 shares of the asset manager’s stock worth $4,805,000 after acquiring an additional 15,223 shares during the period. Finally, Ancora Advisors LLC raised its position in shares of Westwood Holdings Group by 36.8% in the third quarter. Ancora Advisors LLC now owns 190,153 shares of the asset manager’s stock valued at $3,613,000 after buying an additional 51,177 shares during the last quarter. Institutional investors own 65.45% of the company’s stock.

About Westwood Holdings Group (Get Rating)

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.

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