Westwood Holdings Group, Inc. (NYSE:WHG) Sees Significant Decline in Short Interest

Westwood Holdings Group, Inc. (NYSE:WHG) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,100 shares, a decline of 39.3% from the February 13th total of 8,400 shares. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors have recently bought and sold shares of WHG. Empowered Funds LLC grew its holdings in Westwood Holdings Group by 5.0% during the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after buying an additional 1,206 shares in the last quarter. Garner Asset Management Corp grew its holdings in Westwood Holdings Group by 8.0% during the third quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager’s stock worth $1,794,000 after buying an additional 9,389 shares in the last quarter. De Lisle Partners LLP grew its holdings in Westwood Holdings Group by 131.4% during the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after buying an additional 38,996 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in Westwood Holdings Group by 11.9% during the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock worth $294,000 after buying an additional 2,178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Westwood Holdings Group by 87.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock worth $396,000 after buying an additional 13,000 shares in the last quarter. Institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Stock Down 0.1 %

WHG traded down $0.01 during trading on Friday, hitting $15.47. The company’s stock had a trading volume of 8,913 shares, compared to its average volume of 13,376. Westwood Holdings Group has a twelve month low of $11.01 and a twelve month high of $18.03. The stock’s fifty day moving average price is $15.54 and its 200-day moving average price is $15.06. The firm has a market capitalization of $145.11 million, a P/E ratio of 61.88 and a beta of 1.13.

Westwood Holdings Group (NYSE:WHG) last issued its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.60 annualized dividend and a yield of 3.88%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 240.00%.

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.