StockNews.com initiated a hedge on the shares of Westwood Holdings Group (NYSE: WHG – Get a rating) in a note released Saturday to investors. The firm has set a “buy” rating on the asset manager’s shares.
WHG Stock opened at $16.51 on Friday. The company’s 50-day moving average price is $15.67 and its 200-day moving average price is $16.57. The company has a market capitalization of $141.62 million, a price-earnings ratio of 22.62 and a beta of 1.23. Westwood Holdings Group has a fifty-two week low of $13.93 and a fifty-two week high of $27.01.
Westwood Holdings Group (NYSE: WHG – Get a rating) last released its quarterly results on Wednesday, April 27. The asset manager reported EPS of $0.07 for the quarter. Westwood Holdings Group achieved a net margin of 7.94% and a return on equity of 6.24%. The company had revenue of $17.22 million in the quarter.
Institutional investors and hedge funds have recently changed their positions in the stock. Morgan Stanley increased its holdings of Westwood Holdings Group shares by 8.2% in the first quarter. Morgan Stanley now owns 28,686 shares of the asset manager worth $415,000 after buying 2,172 more shares in the last quarter. Geode Capital Management LLC increased its stake in Westwood Holdings Group by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 66,177 shares of the asset manager worth $1,257,000 after purchasing an additional 1,941 shares in the last quarter. Royal Bank of Canada increased its position in Westwood Holdings Group by 21.5% during the third quarter. Royal Bank of Canada now owns 7,572 shares of the asset manager worth $145,000 after purchasing an additional 1,341 shares during the period. Ancora Advisors LLC increased its stake in Westwood Holdings Group by 36.8% in the third quarter. Ancora Advisors LLC now owns 190,153 shares of the asset manager valued at $3,613,000 after buying an additional 51,177 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in shares of Westwood Holdings Group in the third quarter valued at approximately $190,000. 61.73% of the shares are held by hedge funds and other institutional investors.
Westwood Holdings Group Company Profile (Get a rating)
Westwood Holdings Group, Inc, through its subsidiaries, manages investment assets and provides services to its clients. The Company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate pension plans, public pension plans, endowments, foundations, individuals and Westwood funds; and investment sub-advisory services for mutual funds, pooled investment vehicles and its trusts business.
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