Ancora Advisors LLC Purchases New Position in Westwood Holdings Group, Inc. (NYSE:WHG)

Ancora Advisors LLC acquired a new position in shares of Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,012 shares of the asset manager's stock, valued at approximately $348,000. Ancora Advisors LLC owned 0.26% of Westwood Holdings Group at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WHG. Allspring Global Investments Holdings LLC lifted its position in Westwood Holdings Group by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock worth $8,741,000 after acquiring an additional 1,725 shares during the period. Empowered Funds LLC lifted its holdings in shares of Westwood Holdings Group by 5.4% during the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager's stock worth $384,000 after purchasing an additional 1,353 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Westwood Holdings Group in the fourth quarter valued at approximately $160,000. Peapod Lane Capital LLC purchased a new stake in Westwood Holdings Group in the fourth quarter valued at approximately $2,533,000. Finally, 683 Capital Management LLC acquired a new position in Westwood Holdings Group in the 4th quarter worth approximately $322,000. 56.64% of the stock is owned by hedge funds and other institutional investors.

Westwood Holdings Group Price Performance

NYSE:WHG traded down $0.24 during mid-day trading on Friday, hitting $15.25. The company's stock had a trading volume of 8,265 shares, compared to its average volume of 13,817. The business's fifty day moving average is $15.88 and its two-hundred day moving average is $15.62. The stock has a market cap of $143.05 million, a price-to-earnings ratio of 61.00 and a beta of 0.83. Westwood Holdings Group, Inc. has a 1 year low of $11.11 and a 1 year high of $18.03.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its earnings results on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. The firm had revenue of $23.25 million 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.93%. Westwood Holdings Group's payout ratio is 2,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

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.