Westwood Holdings Group (NYSE:WHG) Issues Earnings Results

Westwood Holdings Group (NYSE:WHG) released 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 net margin of 2.92% and a return on equity of 3.27%.

Westwood Holdings Group Stock Up 5.3 %

Shares of WHG stock traded up $0.81 during mid-day trading on Wednesday, hitting $16.11. 34,351 shares of the company’s stock were exchanged, compared to its average volume of 13,095. The stock has a market cap of $149.29 million, a price-to-earnings ratio of 48.80 and a beta of 1.13. The stock has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $14.51. Westwood Holdings Group has a fifty-two week low of $11.01 and a fifty-two week high of $18.03.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research report 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.