Westwood Holdings Group (NYSE:WHG) Earns Buy Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Westwood Holdings Group (NYSE:WHGGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a buy rating on the asset manager’s stock.

Westwood Holdings Group stock opened at $13.84 on Monday. The company has a market capitalization of $118.72 million, a P/E ratio of 18.96 and a beta of 1.23. The firm has a 50 day moving average price of $15.45 and a 200-day moving average price of $16.38. Westwood Holdings Group has a twelve month low of $13.80 and a twelve month high of $27.01.

Westwood Holdings Group (NYSE:WHGGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The asset manager reported $0.07 EPS for the quarter. The company had revenue of $17.22 million for the quarter. Westwood Holdings Group had a net margin of 7.94% and a return on equity of 6.24%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Friday, June 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, June 2nd. Westwood Holdings Group’s payout ratio is currently 82.19%.

In other news, insider Leah Bennett sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $14.95, for a total transaction of $44,850.00. Following the sale, the insider now owns 27,348 shares in the company, valued at approximately $408,852.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jcp Investment Management, Llc sold 24,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $15.69, for a total transaction of $376,560.00. Following the sale, the insider now owns 16,795 shares in the company, valued at approximately $263,513.55. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. bought a new position in shares of Westwood Holdings Group during the 4th quarter valued at $76,000. Centiva Capital LP bought a new position in shares of Westwood Holdings Group during the 3rd quarter valued at $190,000. Two Sigma Advisers LP grew its holdings in Westwood Holdings Group by 26.7% in the 3rd quarter. Two Sigma Advisers LP now owns 24,700 shares of the asset manager’s stock worth $469,000 after acquiring an additional 5,200 shares during the last quarter. State Street Corp grew its holdings in Westwood Holdings Group by 6.2% in the 1st quarter. State Street Corp now owns 29,021 shares of the asset manager’s stock worth $449,000 after acquiring an additional 1,698 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Westwood Holdings Group by 9.2% in the 1st quarter. Bank of America Corp DE now owns 63,006 shares of the asset manager’s stock worth $965,000 after acquiring an additional 5,306 shares during the last quarter. Hedge funds and other institutional investors own 61.73% of the company’s stock.

Westwood Holdings Group Company Profile (Get Rating)

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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