StockNews.com Upgrades Westwood Holdings Group (NYSE:WHG) to “Buy”

Westwood Holdings Group (NYSE:WHG) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Westwood Holdings Group Stock Performance

Westwood Holdings Group stock opened at $15.50 on Wednesday. Westwood Holdings Group has a 52-week low of $10.36 and a 52-week high of $18.03. The firm has a 50 day moving average price of $14.31 and a two-hundred day moving average price of $13.10. The firm has a market cap of $143.69 million, a price-to-earnings ratio of 46.97 and a beta of 1.13.

Institutional Trading of Westwood Holdings Group

Several hedge funds have recently modified their holdings of WHG. Garner Asset Management Corp increased its stake in shares of Westwood Holdings Group by 85.4% in the 2nd quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock valued at $1,424,000 after acquiring an additional 53,870 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Westwood Holdings Group by 16.7% in the 1st quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock valued at $2,985,000 after acquiring an additional 34,697 shares in the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of Westwood Holdings Group by 2.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock valued at $5,595,000 after acquiring an additional 13,012 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Westwood Holdings Group by 2.2% during 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 purchasing an additional 12,680 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in Westwood Holdings Group by 2.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager’s stock valued at $5,643,000 after purchasing an additional 9,500 shares in the last quarter. 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.