Peapod Lane Capital LLC Makes New Investment in Westwood Holdings Group, Inc. (NYSE:WHG)

Peapod Lane Capital LLC acquired a new stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 174,546 shares of the asset manager’s stock, valued at approximately $2,533,000. Westwood Holdings Group comprises approximately 2.5% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Westwood Holdings Group by 2.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock valued at $8,294,000 after acquiring an additional 12,680 shares during the period. North Star Investment Management Corp. grew its stake in Westwood Holdings Group by 1.4% during the 3rd quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after purchasing an additional 5,121 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Westwood Holdings Group by 5.0% in the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock valued at $357,000 after purchasing an additional 1,206 shares during the period. Garner Asset Management Corp raised its stake in shares of Westwood Holdings Group by 8.0% in the third quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock worth $1,794,000 after purchasing an additional 9,389 shares during the last quarter. Finally, De Lisle Partners LLP raised its stake in shares of Westwood Holdings Group by 131.4% in the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after purchasing an additional 38,996 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Westwood Holdings Group Price Performance

Shares of NYSE WHG opened at $16.11 on Thursday. The stock has a market capitalization of $149.29 million, a price-to-earnings ratio of 48.80 and a beta of 1.13. The firm’s 50 day simple moving average is $15.12 and its 200-day simple moving average is $14.51. Westwood Holdings Group, Inc. has a 12 month low of $11.01 and a 12 month high of $18.03.

Westwood Holdings Group (NYSE:WHG) last posted its quarterly earnings data on Wednesday, February 12th. The asset manager reported $0.35 EPS for the quarter. Westwood Holdings Group had a return on equity of 3.27% and a net margin of 2.92%.

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.