Westwood Holdings Group, Inc. (NYSE:WHG) Short Interest Down 17.4% in March

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 12,300 shares, a drop of 17.4% from the March 15th total of 14,900 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily volume of 12,400 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WHG. Price T Rowe Associates Inc. MD bought a new position in Westwood Holdings Group during the fourth quarter worth about $166,000. Bridgeway Capital Management LLC lifted its holdings in Westwood Holdings Group by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 75,858 shares of the asset manager's stock worth $954,000 after acquiring an additional 1,728 shares in the last quarter. Royal Bank of Canada lifted its holdings in Westwood Holdings Group by 1,720.0% during the fourth quarter. Royal Bank of Canada now owns 7,280 shares of the asset manager's stock worth $91,000 after acquiring an additional 6,880 shares in the last quarter. Garner Asset Management Corp lifted its holdings in Westwood Holdings Group by 352.5% during the fourth quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager's stock worth $714,000 after acquiring an additional 47,047 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Westwood Holdings Group by 50.1% during the fourth quarter. Northern Trust Corp now owns 31,576 shares of the asset manager's stock worth $397,000 after acquiring an additional 10,537 shares in the last quarter. 56.64% of the stock is currently owned by institutional investors.

Westwood Holdings Group Trading Up 1.1 %

Shares of NYSE:WHG traded up $0.14 during midday trading on Friday, hitting $13.35. The company had a trading volume of 8,337 shares, compared to its average volume of 12,556. Westwood Holdings Group has a 12 month low of $8.91 and a 12 month high of $14.20. The stock has a market cap of $124.56 million, a price-to-earnings ratio of 11.31 and a beta of 1.23. The firm has a fifty day simple moving average of $12.38 and a 200 day simple moving average of $11.43.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The asset manager reported $0.47 earnings per share (EPS) for the quarter. Westwood Holdings Group had a return on equity of 12.78% and a net margin of 11.77%. The business had revenue of $23.23 million for the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 1st were given a $0.15 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.60 annualized dividend and a dividend yield of 4.49%. Westwood Holdings Group's dividend payout ratio is currently 50.85%.

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.