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

Westwood Holdings Group, Inc. (NYSE:WHG) was the recipient of a large 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. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 15,500 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds have recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Westwood Holdings Group by 180.7% in the fourth quarter. Barclays PLC now owns 3,054 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,966 shares during the last quarter. Millennium Management LLC acquired a new position in Westwood Holdings Group in the 4th quarter worth approximately $146,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Westwood Holdings Group during the 4th quarter worth approximately $160,000. Arete Wealth Advisors LLC raised its position in Westwood Holdings Group by 11.9% during the 3rd 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 during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in Westwood Holdings Group during the 4th quarter valued at approximately $322,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Stock Down 1.4 %

Shares of NYSE WHG traded down $0.21 during midday trading on Monday, reaching $15.36. 6,458 shares of the company’s stock traded hands, compared to its average volume of 13,349. The company has a market cap of $144.07 million, a price-to-earnings ratio of 61.44 and a beta of 1.13. Westwood Holdings Group has a one year low of $11.01 and a one year high of $18.03. The stock’s 50 day simple moving average is $15.54 and its 200-day simple moving average is $15.06.

Westwood Holdings Group (NYSE:WHG) last released 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. Shareholders of record on Monday, March 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.91%. The ex-dividend date is Monday, March 3rd. Westwood Holdings Group’s dividend payout ratio is presently 240.00%.

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.