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

Equities researchers at StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHG) in a report issued on Friday. The firm set a “buy” rating on the asset manager’s stock.

Westwood Holdings Group Stock Down 4.5 %

Shares of NYSE:WHG opened at $14.23 on Friday. The firm has a market cap of $132.52 million, a P/E ratio of 10.46 and a beta of 1.15. Westwood Holdings Group has a 12 month low of $8.91 and a 12 month high of $15.19. The company’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $12.61.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings results on Wednesday, July 31st. The asset manager reported ($0.18) EPS for the quarter. The company had revenue of $22.69 million for the quarter. Westwood Holdings Group had a net margin of 7.63% and a return on equity of 7.86%.

Hedge Funds Weigh In On Westwood Holdings Group

Several large investors have recently made changes to their positions in the company. Empowered Funds LLC increased its position in Westwood Holdings Group by 7.6% in the first quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock worth $275,000 after purchasing an additional 1,575 shares during the period. Gabelli Funds LLC raised its stake in shares of Westwood Holdings Group by 2.1% during the fourth quarter. Gabelli Funds LLC now owns 99,546 shares of the asset manager’s stock worth $1,251,000 after buying an additional 2,050 shares during the last quarter. Garner Asset Management Corp raised its stake in shares of Westwood Holdings Group by 4.4% during the first quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock worth $777,000 after buying an additional 2,672 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in Westwood Holdings Group by 1.0% in the first quarter. North Star Investment Management Corp. now owns 353,837 shares of the asset manager’s stock valued at $4,359,000 after buying an additional 3,520 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Westwood Holdings Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after acquiring an additional 5,793 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.