From Volume Spike Investor
Shares of westwood Holdings Group (WHG) gained more than 5% on Friday as volume spiked 280% above the 3-month daily average.
There were no significant news releases or other significant events that could be detected.
Westwood Holdings Group provides various investment advisory services to institutions, including corporate pension funds, public retirement plans, endowments, foundations, and mutual funds.
The company is worth $160 million on the market, holds $23 million in cash with no debt.
Shares of Westwood closed at $24.19, less than 1% away from the 52-week high of $24.34 reached on the same day.
Westwood Holdings has made VSI’s Watch List.
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