StockNews.com Initiates Coverage on Westwood Holdings Group (NYSE:WHG)

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

NYSE:WHG opened at $15.03 on Friday. Westwood Holdings Group has a fifty-two week low of $13.93 and a fifty-two week high of $27.01. The stock’s 50-day moving average is $15.66 and its two-hundred day moving average is $16.69. The stock has a market cap of $128.93 million, a PE ratio of 20.59 and a beta of 1.22.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. acquired a new stake in Westwood Holdings Group in the 4th quarter worth approximately $76,000. Royal Bank of Canada lifted its holdings in shares of Westwood Holdings Group by 21.5% during the third quarter. Royal Bank of Canada now owns 7,572 shares of the asset manager’s stock worth $145,000 after buying an additional 1,341 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Westwood Holdings Group during the third quarter worth approximately $190,000. D. E. Shaw & Co. Inc. acquired a new position in shares of Westwood Holdings Group during the fourth quarter worth approximately $175,000. Finally, Citadel Advisors LLC acquired a new position in shares of Westwood Holdings Group during the third quarter worth approximately $224,000. Hedge funds and other institutional investors own 61.73% of the company’s stock.

Westwood Holdings Group Company Profile (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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