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

Analysts at StockNews.com began coverage on shares of Westwood Holdings Group (NYSE:WHGGet Rating) in a note issued to investors on Sunday. The brokerage set a “buy” rating on the asset manager’s stock.

NYSE:WHG opened at $15.32 on Friday. The stock’s fifty day moving average price is $15.75 and its two-hundred day moving average price is $16.52. Westwood Holdings Group has a 52-week low of $13.93 and a 52-week high of $27.01. The company has a market cap of $131.45 million, a price-to-earnings ratio of 20.99 and a beta of 1.23.

Westwood Holdings Group (NYSE:WHGGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The asset manager reported $0.07 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 firm had revenue of $17.22 million for the quarter.

In other news, insider Leah Bennett sold 3,000 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $14.95, for a total value of $44,850.00. Following the transaction, the insider now owns 27,348 shares of the company’s stock, valued at approximately $408,852.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WHG. JCP Investment Management LLC bought a new position in Westwood Holdings Group during the 4th quarter worth about $14,575,000. Allspring Global Investments Holdings LLC bought a new position in Westwood Holdings Group during the 4th quarter worth about $9,933,000. Deprince Race & Zollo Inc. increased its holdings in Westwood Holdings Group by 8.9% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 354,815 shares of the asset manager’s stock worth $6,741,000 after purchasing an additional 28,954 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Westwood Holdings Group by 56.1% during the 1st quarter. Russell Investments Group Ltd. now owns 282,718 shares of the asset manager’s stock worth $4,329,000 after purchasing an additional 101,595 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in Westwood Holdings Group by 36.8% during the 3rd quarter. Ancora Advisors LLC now owns 190,153 shares of the asset manager’s stock worth $3,613,000 after purchasing an additional 51,177 shares in the last quarter. Institutional investors and hedge funds 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.

Further Reading

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