Westwood Holdings Group (NYSE:WHG) Posts Earnings Results

Key Points

• Westwood Holdings Group reported earnings per share of $0.22 for the quarter, with a return on equity of 2.46% and a net margin of 0.55%.
• The company's stock closed at $16.87, down $0.60 during trading, with a market cap of $158.24 million and a price-to-earnings ratio of 562.52.
• Analysts at Wall Street Zen have downgraded the stock from a "buy" rating to a "hold" rating as of May 5th.

Westwood Holdings Group (NYSE:WHG - Get Free Report) released its quarterly earnings data on Friday. The asset manager reported $0.22 earnings per share for the quarter, Zacks reports. Westwood Holdings Group had a return on equity of 2.46% and a net margin of 0.55%.

Westwood Holdings Group Stock Performance

Shares of NYSE WHG traded down $0.60 during trading hours on Friday, hitting $16.87. The company's stock had a trading volume of 12,152 shares, compared to its average volume of 25,672. Westwood Holdings Group has a 12 month low of $12.05 and a 12 month high of $18.65. The stock has a market cap of $158.24 million, a price-to-earnings ratio of 562.52 and a beta of 0.97. The business has a 50-day simple moving average of $16.30 and a 200-day simple moving average of $15.93.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WHG. Geode Capital Management LLC raised its holdings in shares of Westwood Holdings Group by 141.0% during the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager's stock valued at $2,515,000 after acquiring an additional 94,311 shares in the last quarter. Empowered Funds LLC boosted its holdings in Westwood Holdings Group by 8.7% in the first quarter. Empowered Funds LLC now owns 28,751 shares of the asset manager's stock valued at $466,000 after acquiring an additional 2,291 shares in the last quarter. Jane Street Group LLC purchased a new position in Westwood Holdings Group during the 1st quarter valued at $366,000. Finally, Goldman Sachs Group Inc. bought a new position in Westwood Holdings Group in the 1st quarter worth $213,000. Institutional investors own 56.64% of the company's stock.

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.

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