Westwood Holdings Group (NYSE:WHG) Releases Quarterly Earnings Results

Westwood Holdings Group (NYSE:WHG) issued its earnings results on Wednesday. The asset manager reported $0.21 earnings per share for the quarter, Zacks reports. Westwood Holdings Group had a return on equity of 12.78% and a net margin of 11.77%. The business had revenue of $22.73 million during the quarter.

Westwood Holdings Group Stock Performance

Shares of WHG traded down $0.05 during mid-day trading on Thursday, hitting $12.54. 33,185 shares of the stock were exchanged, compared to its average volume of 11,549. The company has a market cap of $117.00 million, a PE ratio of 10.59 and a beta of 1.23. Westwood Holdings Group has a 52-week low of $8.91 and a 52-week high of $14.20. The firm has a 50-day moving average of $12.56 and a two-hundred day moving average of $11.72.

Westwood Holdings Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.15 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.60 annualized dividend and a yield of 4.78%. Westwood Holdings Group’s payout ratio is 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.