Westwood Holdings Group, Inc. (NYSE:WHG) Sees Large Decrease in Short Interest

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Westwood Holdings Group by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager’s stock valued at $8,741,000 after purchasing an additional 1,725 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Westwood Holdings Group by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager’s stock valued at $3,755,000 after buying an additional 9,992 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in Westwood Holdings Group during the fourth quarter valued at approximately $2,533,000. Garner Asset Management Corp raised its stake in Westwood Holdings Group by 11.4% during the fourth quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager’s stock valued at $2,012,000 after buying an additional 14,427 shares in the last quarter. Finally, De Lisle Partners LLP raised its stake 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 valued at $972,000 after buying an additional 38,996 shares in the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Stock Down 0.1 %

Shares of NYSE WHG traded down $0.01 on Friday, hitting $15.47. The company had a trading volume of 8,913 shares, compared to its average volume of 13,376. Westwood Holdings Group has a 12-month low of $11.01 and a 12-month high of $18.03. The business has a 50 day moving average of $15.54 and a two-hundred day moving average of $15.03. 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 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 Announces Dividend

The firm 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Monday, March 3rd. Westwood Holdings Group’s dividend payout ratio 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.