Westwood Holdings Group (NYSE:WHG) Stock Rating Upgraded by Wall Street Zen

Key Points

• Westwood Holdings Group has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, signaling increased confidence in the company's performance.
• The company's latest earnings report shows an earnings per share (EPS) of $0.22 for the quarter, with a net margin of 3.92% and revenue of $23.12 million.
• Current institutional investors own 56.64% of Westwood Holdings Group, with notable stakes being increased by firms like Bridgeway Capital Management and Bank of America Corp DE.

Westwood Holdings Group (NYSE:WHG - Get Free Report) 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 WHG traded up $0.1650 during mid-day trading on Friday, hitting $17.7450. 8,801 shares of the company's stock were exchanged, compared to its average volume of 12,032. The company has a market cap of $166.98 million, a PE ratio of 42.25 and a beta of 0.97. Westwood Holdings Group has a 52 week low of $12.13 and a 52 week high of $18.65. The company has a 50-day simple moving average of $16.75 and a 200 day simple moving average of $16.07.

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

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently made changes to their positions in the business. Settian Capital LP bought a new position in shares of Westwood Holdings Group in the second quarter valued at $6,708,000. Geode Capital Management LLC grew its stake in shares of Westwood Holdings Group by 141.0% in the second quarter. Geode Capital Management LLC now owns 161,205 shares of the asset manager's stock valued at $2,515,000 after buying an additional 94,311 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Westwood Holdings Group in the fourth quarter valued at $348,000. Jane Street Group LLC bought a new position in shares of Westwood Holdings Group in the first quarter valued at $366,000. Finally, 683 Capital Management LLC bought a new position in shares of Westwood Holdings Group in the fourth quarter valued at $322,000. 56.64% of the stock is 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.