Westwood Holdings Group, Inc. (NYSE:WHG) Short Interest Update

Westwood Holdings Group, Inc. (NYSE:WHG) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 6,700 shares, a decrease of 45.5% from the March 31st total of 12,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Westwood Holdings Group

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new position in Westwood Holdings Group during the fourth quarter worth $127,000. Arete Wealth Advisors LLC acquired a new stake in shares of Westwood Holdings Group during the third quarter valued at $147,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Westwood Holdings Group during the fourth quarter valued at $166,000. Cerity Partners LLC purchased a new stake in Westwood Holdings Group during the 4th quarter worth about $258,000. Finally, Garner Asset Management Corp raised its stake in Westwood Holdings Group by 352.5% in the 4th quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager’s stock valued at $714,000 after purchasing an additional 47,047 shares during the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Stock Performance

NYSE WHG traded down $0.24 during trading hours on Friday, reaching $12.81. The company’s stock had a trading volume of 2,385 shares, compared to its average volume of 11,286. The company’s 50-day moving average is $12.53 and its two-hundred day moving average is $11.64. Westwood Holdings Group has a fifty-two week low of $8.91 and a fifty-two week high of $14.20. The stock has a market cap of $119.52 million, a PE ratio of 10.86 and a beta of 1.23.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings results on Wednesday, February 14th. The asset manager reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $23.23 million for the quarter. Westwood Holdings Group had a net margin of 11.77% and a return on equity of 12.78%.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Thursday, February 29th. Westwood Holdings Group’s payout ratio is currently 50.85%.

Westwood Holdings Group Company Profile

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.