Westwood Holdings Group Inc (NYSE:WHG) Shares Sold by Peapod Lane Capital LLC

Peapod Lane Capital LLC lessened its holdings in Westwood Holdings Group Inc (NYSE:WHG - Free Report) by 28.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 2.3% of Peapod Lane Capital LLC's holdings, making the stock its 15th largest holding. Peapod Lane Capital LLC owned 1.33% of Westwood Holdings Group worth $2,021,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings 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 worth $3,755,000 after acquiring an additional 9,992 shares in the last quarter. Garner Asset Management Corp raised its stake in shares of Westwood Holdings Group by 11.4% in the fourth quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager's stock worth $2,012,000 after purchasing an additional 14,427 shares during the last quarter. Bank of America Corp DE grew its holdings in Westwood Holdings Group by 1.0% during 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 during the period. Northern Trust Corp grew 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 acquiring an additional 8,562 shares during the period. Finally, Ancora Advisors LLC acquired a new stake in Westwood Holdings Group during the fourth quarter worth about $348,000. Institutional investors and hedge funds own 56.64% of the company's stock.

Wall Street Analysts Forecast Growth

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 Stock Performance

Shares of NYSE WHG traded up $0.00 during mid-day trading on Friday, reaching $16.66. 24,461 shares of the company's stock were exchanged, compared to its average volume of 20,748. The company's 50-day moving average is $15.52 and its 200-day moving average is $15.57. Westwood Holdings Group Inc has a 52-week low of $11.11 and a 52-week high of $18.03. The firm 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 posted 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 return on equity of 2.46% and a net margin of 0.55%. 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 was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 3.60%. Westwood Holdings Group's dividend payout ratio is currently 2,000.00%.

About Westwood Holdings Group

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.