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

Investment analysts at StockNews.com initiated coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research note issued on Thursday. The firm set a “strong-buy” rating on the asset manager’s stock.

Westwood Holdings Group Trading Up 0.3 %

WHG opened at $13.37 on Thursday. Westwood Holdings Group has a 1-year low of $8.91 and a 1-year high of $13.63. The stock has a market capitalization of $124.47 million, a PE ratio of 9.83 and a beta of 1.17. The firm has a 50-day moving average price of $12.41 and a two-hundred day moving average price of $12.33.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $22.73 million for the quarter. Westwood Holdings Group had a return on equity of 12.53% and a net margin of 13.39%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHG. Gamco Investors INC. ET AL raised its holdings in Westwood Holdings Group by 2.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager’s stock worth $5,643,000 after buying an additional 9,500 shares during the period. North Star Investment Management Corp. raised its holdings in shares of Westwood Holdings Group by 1.0% during the first quarter. North Star Investment Management Corp. now owns 353,837 shares of the asset manager’s stock worth $4,359,000 after acquiring an additional 3,520 shares during the period. Russell Investments Group Ltd. lifted its position in Westwood Holdings Group by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock valued at $2,985,000 after acquiring an additional 34,697 shares in the last quarter. Gabelli Funds LLC boosted its stake in Westwood Holdings Group by 5.2% in the 1st quarter. Gabelli Funds LLC now owns 104,673 shares of the asset manager’s stock worth $1,290,000 after purchasing an additional 5,127 shares during the period. Finally, Garner Asset Management Corp boosted its stake in Westwood Holdings Group by 4.4% in the 1st quarter. Garner Asset Management Corp now owns 63,067 shares of the asset manager’s stock worth $777,000 after purchasing an additional 2,672 shares during the period. 56.64% of the stock is currently owned by institutional investors.

About Westwood Holdings Group

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.