683 Capital Management LLC Takes Position in Westwood Holdings Group, Inc. (NYSE:WHG)

683 Capital Management LLC acquired a new position in shares of Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 22,178 shares of the asset manager's stock, valued at approximately $322,000. 683 Capital Management LLC owned about 0.24% of Westwood Holdings Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its stake in shares of Westwood Holdings Group by 180.7% in the 4th 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 period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Westwood Holdings Group in the 4th quarter valued at approximately $160,000. Empowered Funds LLC raised its position in Westwood Holdings Group by 5.4% in the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager's stock valued at $384,000 after purchasing an additional 1,353 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Westwood Holdings Group by 87.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager's stock worth $396,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Westwood Holdings Group by 29.5% during the fourth quarter. Northern Trust Corp now owns 37,570 shares of the asset manager's stock worth $545,000 after buying an additional 8,562 shares during the period. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Westwood Holdings Group Trading Up 8.5 %

WHG stock opened at $17.56 on Friday. The business's fifty day moving average price is $15.89 and its 200 day moving average price is $15.62. Westwood Holdings Group, Inc. has a 12-month low of $11.01 and a 12-month high of $18.03. The company has a market capitalization of $164.71 million, a PE ratio of 70.24 and a beta of 0.96.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%. The company had revenue of $23.25 million for the quarter.

Westwood Holdings Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.60 annualized dividend and a yield of 3.42%. 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.

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