Gamco Investors INC. ET AL Increases Stock Holdings in Westwood Holdings Group Inc $WHG

Gamco Investors INC. ET AL boosted its stake in shares of Westwood Holdings Group Inc (NYSE:WHG) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 453,180 shares of the asset manager’s stock after buying an additional 6,480 shares during the period. Gamco Investors INC. ET AL owned approximately 4.83% of Westwood Holdings Group worth $7,342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WHG. Barclays PLC increased its position in Westwood Holdings Group by 180.7% during the fourth quarter. Barclays PLC now owns 3,054 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 1,966 shares during the last quarter. Millennium Management LLC bought a new position in Westwood Holdings Group during the 4th quarter valued at about $146,000. 683 Capital Management LLC purchased a new stake in Westwood Holdings Group in the 4th quarter worth about $322,000. Ancora Advisors LLC bought a new stake in Westwood Holdings Group in the fourth quarter worth about $348,000. Finally, Northern Trust Corp lifted its stake in Westwood Holdings Group by 29.5% in the fourth quarter. Northern Trust Corp now owns 37,570 shares of the asset manager’s stock worth $545,000 after purchasing an additional 8,562 shares during the last quarter. 56.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th.

Westwood Holdings Group Trading Down 1.0%

Shares of Westwood Holdings Group stock opened at $17.94 on Thursday. The firm has a market cap of $168.77 million, a P/E ratio of 42.70 and a beta of 0.97. Westwood Holdings Group Inc has a 12 month low of $12.20 and a 12 month high of $18.97. The stock’s fifty day moving average price is $17.02 and its 200-day moving average price is $16.17.

Westwood Holdings Group (NYSE:WHG) last released its quarterly earnings data on Friday, August 8th. The asset manager reported $0.22 earnings per share for the quarter. Westwood Holdings Group had a net margin of 3.92% and a return on equity of 5.19%. The company had revenue of $23.12 million during the quarter.

Westwood Holdings Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Westwood Holdings Group’s dividend payout ratio (DPR) is currently 142.86%.

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.