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

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,100 shares, a decline of 45.3% from the March 31st total of 7,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 0.2 days.

Westwood Holdings Group Stock Performance

Shares of WHG stock opened at $16.46 on Tuesday. Westwood Holdings Group has a 52-week low of $11.01 and a 52-week high of $18.03. The stock has a market cap of $154.40 million, a price-to-earnings ratio of 65.84 and a beta of 0.96. The firm has a fifty day moving average of $15.85 and a 200-day moving average of $15.58.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.64%. The ex-dividend date was Monday, March 3rd. Westwood Holdings Group's payout ratio is presently 240.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of WHG. Wealth Enhancement Advisory Services LLC boosted its stake in Westwood Holdings Group by 87.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager's stock worth $396,000 after acquiring an additional 13,000 shares during the last quarter. Empowered Funds LLC lifted its stake in Westwood Holdings Group by 5.4% in the fourth quarter. Empowered Funds LLC now owns 26,460 shares of the asset manager's stock valued at $384,000 after buying an additional 1,353 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Westwood Holdings Group by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock valued at $8,741,000 after buying an additional 1,725 shares in the last quarter. Peapod Lane Capital LLC bought a new position in Westwood Holdings Group in the fourth quarter valued at approximately $2,533,000. Finally, Garner Asset Management Corp lifted its stake in 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 valued at $2,012,000 after buying an additional 14,427 shares in the last quarter. Institutional investors own 56.64% of the company's stock.

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.

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