683 Capital Management LLC Takes $322,000 Position in Westwood Holdings Group, Inc. (NYSE:WHG)

683 Capital Management LLC acquired a new position in Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) in the fourth quarter, according to the company in its most recent 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 0.24% of Westwood Holdings Group at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp lifted its holdings in Westwood Holdings Group by 29.5% during the 4th quarter. Northern Trust Corp now owns 37,570 shares of the asset manager's stock valued at $545,000 after purchasing an additional 8,562 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Westwood Holdings Group by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager's stock valued at $3,755,000 after acquiring an additional 9,992 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Westwood Holdings Group during the 4th quarter worth $160,000. Barclays PLC raised its position in shares of Westwood Holdings Group by 180.7% during 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 last quarter. Finally, Garner Asset Management Corp lifted its stake in shares of Westwood Holdings Group by 11.4% in the 4th quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager's stock valued at $2,012,000 after purchasing an additional 14,427 shares during the period. Institutional investors and hedge funds own 56.64% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Westwood Holdings Group from a "buy" rating to a "hold" rating in a report on Monday.

Westwood Holdings Group Stock Down 0.6 %

Shares of WHG traded down $0.09 on Thursday, hitting $15.53. The company's stock had a trading volume of 8,285 shares, compared to its average volume of 13,877. The firm has a market capitalization of $145.67 million, a price-to-earnings ratio of 62.12 and a beta of 0.83. The firm's fifty day moving average price is $15.88 and its 200-day moving average price is $15.63. Westwood Holdings Group, Inc. has a fifty-two week low of $11.11 and a fifty-two week high of $18.03.

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

Westwood Holdings Group Announces Dividend

The company 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, June 2nd. Westwood Holdings Group's dividend payout ratio (DPR) is currently 2,000.00%.

Westwood Holdings Group 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.