Westwood Holdings Group (NYSE:WHG) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Westwood Holdings Group (NYSE:WHGGet Rating) in a report issued on Wednesday. The firm set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group stock opened at $15.47 on Wednesday. The firm has a 50 day moving average price of $15.72. Westwood Holdings Group has a 1 year low of $14.65 and a 1 year high of $27.01. The firm has a market capitalization of $132.70 million, a P/E ratio of 21.19 and a beta of 1.22.

Westwood Holdings Group (NYSE:WHGGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The asset manager reported $0.42 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 6.24% and a net margin of 7.94%. The company had revenue of $19.39 million during the quarter.

Several institutional investors and hedge funds have recently modified their holdings of the company. JCP Investment Management LLC bought a new position in shares of Westwood Holdings Group during the fourth quarter worth about $14,575,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Westwood Holdings Group in the 4th quarter valued at about $9,933,000. Deprince Race & Zollo Inc. lifted its stake in shares of Westwood Holdings Group by 8.9% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 354,815 shares of the asset manager’s stock valued at $6,741,000 after purchasing an additional 28,954 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Westwood Holdings Group by 56.1% in the 1st quarter. Russell Investments Group Ltd. now owns 282,718 shares of the asset manager’s stock valued at $4,329,000 after purchasing an additional 101,595 shares during the period. Finally, King Luther Capital Management Corp lifted its stake in shares of Westwood Holdings Group by 6.4% in the 3rd quarter. King Luther Capital Management Corp now owns 252,877 shares of the asset manager’s stock valued at $4,805,000 after purchasing an additional 15,223 shares during the period. Institutional investors own 61.73% 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.

See Also

Receive News & Ratings for Westwood Holdings Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westwood Holdings Group and related companies with MarketBeat.com's FREE daily email newsletter.