Westwood Holdings Group (NYSE:WHG) Issues Earnings Results

Westwood Holdings Group (NYSE:WHG) posted its quarterly earnings results on Wednesday. The asset manager reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Westwood Holdings Group had a return on equity of 3.27% and a net margin of 2.92%.

Westwood Holdings Group Stock Up 5.3 %

Shares of WHG stock traded up $0.81 during mid-day trading on Wednesday, reaching $16.11. The company’s stock had a trading volume of 34,351 shares, compared to its average volume of 13,095. The company’s 50 day simple moving average is $15.12 and its 200-day simple moving average is $14.51. Westwood Holdings Group has a 12-month low of $11.01 and a 12-month high of $18.03. The firm has a market capitalization of $149.29 million, a PE ratio of 48.80 and a beta of 1.13.

Analyst Ratings Changes

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

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.