Peapod Lane Capital LLC Has $2.02 Million Position in Westwood Holdings Group Inc (NYSE:WHG)

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

A number of other institutional investors and hedge funds also recently modified their holdings of WHG. Dimensional Fund Advisors LP lifted its position in shares of Westwood Holdings Group by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 258,805 shares of the asset manager's stock worth $3,755,000 after purchasing an additional 9,992 shares during the last quarter. Garner Asset Management Corp increased its position in shares of Westwood Holdings Group by 11.4% during 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. Bank of America Corp DE raised its position in Westwood Holdings Group by 1.0% in the fourth quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager's stock worth $883,000 after acquiring an additional 616 shares in the last quarter. Northern Trust Corp boosted its holdings 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 buying an additional 8,562 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in Westwood Holdings Group in the 4th quarter worth about $348,000. Institutional investors and hedge funds own 56.64% of the company's stock.

Westwood Holdings Group Stock Down 1.0%

Shares of WHG stock traded down $0.16 during mid-day trading on Wednesday, reaching $16.35. The stock had a trading volume of 16,633 shares, compared to its average volume of 20,643. The firm's 50 day simple moving average is $15.51 and its 200 day simple moving average is $15.56. The firm has a market cap of $153.36 million, a PE ratio of 545.18 and a beta of 0.85. Westwood Holdings Group Inc has a one year low of $11.11 and a one year high of $18.03.

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

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, June 2nd. Westwood Holdings Group's dividend payout ratio is 2,000.00%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.