Westwood Holdings Group (NYSE:WHG) Raised to “Buy” at Wall Street Zen

Westwood Holdings Group (NYSE:WHG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Westwood Holdings Group Price Performance

Shares of Westwood Holdings Group stock opened at $17.97 on Friday. Westwood Holdings Group has a 1 year low of $12.12 and a 1 year high of $18.65. The firm’s 50-day moving average is $16.61 and its two-hundred day moving average is $16.02. The stock has a market cap of $169.10 million, a price-to-earnings ratio of 42.79 and a beta of 0.97.

Westwood Holdings Group (NYSE:WHG) last issued its earnings results on Friday, August 8th. The asset manager reported $0.22 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 3.92% and a return on equity of 5.19%. The company had revenue of $23.12 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC boosted its holdings in shares of Westwood Holdings Group by 2.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 86,620 shares of the asset manager’s stock valued at $1,351,000 after buying an additional 2,417 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Westwood Holdings Group by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 62,650 shares of the asset manager’s stock valued at $977,000 after buying an additional 2,297 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at about $85,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at about $63,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Westwood Holdings Group in the 2nd quarter valued at about $98,000. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Company Profile

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.