Westwood Holdings Group (NYSE:WHG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.
Westwood Holdings Group Trading Up 1.7%
Shares of NYSE:WHG traded up $0.30 during mid-day trading on Friday, hitting $17.97. 11,207 shares of the company traded hands, compared to its average volume of 14,460. The stock has a 50-day moving average price of $16.61 and a two-hundred day moving average price of $16.03. Westwood Holdings Group has a 12-month low of $12.12 and a 12-month high of $18.65. The stock has a market cap of $169.10 million, a P/E ratio of 42.79 and a beta of 0.97.
Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The asset manager reported $0.22 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 5.19% and a net margin of 3.92%. The firm had revenue of $23.12 million during the quarter.
Institutional Trading of Westwood Holdings Group
A number of hedge funds have recently bought and sold shares of WHG. Bridgeway Capital Management LLC lifted its stake in Westwood Holdings Group by 2.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 86,620 shares of the asset manager's stock valued at $1,351,000 after buying an additional 2,417 shares in the last quarter. Bank of America Corp DE grew its position in shares of Westwood Holdings Group by 3.8% in the second quarter. Bank of America Corp DE now owns 62,650 shares of the asset manager's stock valued at $977,000 after purchasing an additional 2,297 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Westwood Holdings Group during the second quarter worth approximately $85,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Westwood Holdings Group during the 2nd quarter worth $63,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Westwood Holdings Group in the 2nd quarter valued at about $98,000. Hedge funds and other institutional investors own 56.64% of the company's stock.
About Westwood Holdings Group
(
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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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