Westwood Holdings Group, Inc. (NYSE:WHG) Short Interest Update

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

Institutional Investors Weigh In On Westwood Holdings Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in shares of Westwood Holdings Group by 180.7% in the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock valued at $44,000 after acquiring an additional 1,966 shares during the period. Millennium Management LLC bought a new position in Westwood Holdings Group during the fourth quarter worth about $146,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Westwood Holdings Group during the fourth quarter worth approximately $160,000. 683 Capital Management LLC acquired a new position in Westwood Holdings Group during the fourth quarter worth approximately $322,000. Finally, Ancora Advisors LLC bought a new stake in Westwood Holdings Group in the fourth quarter valued at approximately $348,000. Institutional investors own 56.64% of the company's stock.

Westwood Holdings Group Price Performance

WHG traded up $1.37 during mid-day trading on Friday, hitting $17.56. The stock had a trading volume of 23,249 shares, compared to its average volume of 14,100. The stock's fifty day simple moving average is $15.89 and its 200-day simple moving average is $15.62. The firm has a market capitalization of $164.71 million, a price-to-earnings ratio of 70.24 and a beta of 0.83. Westwood Holdings Group has a 1-year low of $11.01 and a 1-year high of $18.03.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The asset manager reported $0.16 EPS for the quarter. Westwood Holdings Group had a return on equity of 2.66% and a net margin of 2.33%. The business had revenue of $23.25 million for the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.60 annualized dividend and a yield of 3.42%. Westwood Holdings Group's payout ratio is presently 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.