Westwood Holdings Group Inc (NYSE:WHG) Position Cut by Peapod Lane Capital LLC

Peapod Lane Capital LLC decreased its position in Westwood Holdings Group Inc (NYSE:WHG - Free Report) by 28.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,754 shares of the asset manager's stock after selling 49,792 shares during the quarter. Westwood Holdings Group accounts for about 2.3% of Peapod Lane Capital LLC's investment portfolio, making the stock its 15th largest holding. Peapod Lane Capital LLC owned approximately 1.33% of Westwood Holdings Group worth $2,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake 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 buying an additional 1,966 shares during the last quarter. Ancora Advisors LLC bought a new position in Westwood Holdings Group during the fourth quarter worth $348,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Westwood Holdings Group during the fourth quarter worth $160,000. Northern Trust Corp lifted its stake in 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 purchasing an additional 8,562 shares during the last quarter. Finally, 683 Capital Management LLC bought a new stake in Westwood Holdings Group during the fourth quarter valued at $322,000. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Westwood Holdings Group Stock Up 0.0%

WHG stock traded up $0.00 during trading on Friday, hitting $16.66. 24,461 shares of the company's stock traded hands, compared to its average volume of 20,748. Westwood Holdings Group Inc has a 52 week low of $11.11 and a 52 week high of $18.03. The stock has a fifty day moving average price of $15.50 and a two-hundred day moving average price of $15.59. The stock has a market capitalization of $156.30 million, a price-to-earnings ratio of 555.62 and a beta of 0.85.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last released its earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share for the quarter. Westwood Holdings Group had a net margin of 0.55% and a return on equity of 2.46%. The firm had revenue of $23.25 million during the quarter.

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend was Monday, June 2nd. Westwood Holdings Group's payout ratio is 2,000.00%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Westwood Holdings Group from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.

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.