Westwood Holdings Group, Inc. (NYSE:WHG) Sees Significant Decline in Short Interest

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 3,800 shares, a drop of 43.3% from the April 15th total of 6,700 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is presently 0.3 days.

Westwood Holdings Group Stock Up 0.3 %

NYSE WHG traded up $0.04 during trading hours on Friday, hitting $12.13. 9,760 shares of the company were exchanged, compared to its average volume of 15,372. The stock has a market cap of $112.93 million, a PE ratio of 8.92 and a beta of 1.23. Westwood Holdings Group has a 52 week low of $8.91 and a 52 week high of $14.20. The stock has a 50-day moving average price of $12.56 and a 200 day moving average price of $11.87.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $22.73 million during the quarter. Westwood Holdings Group had a return on equity of 12.53% and a net margin of 13.39%.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.95%. Westwood Holdings Group's dividend payout ratio is 44.12%.

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Repertoire Partners LP bought a new stake in shares of Westwood Holdings Group during the third quarter worth $851,000. Garner Asset Management Corp boosted its position in Westwood Holdings Group by 352.5% in the 4th quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager's stock valued at $714,000 after buying an additional 47,047 shares during the period. Prosperity Consulting Group LLC bought a new position in Westwood Holdings Group in the 1st quarter worth about $537,000. North Star Investment Management Corp. increased its position in shares of Westwood Holdings Group by 12.0% during the fourth quarter. North Star Investment Management Corp. now owns 350,317 shares of the asset manager's stock worth $4,403,000 after acquiring an additional 37,559 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Westwood Holdings Group by 16.7% during the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager's stock valued at $2,985,000 after acquiring an additional 34,697 shares in the last quarter. 56.64% of the stock is owned by institutional investors.

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.