Westwood Holdings Group (NYSE:WHG) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research note issued to investors on Friday. The brokerage issued a buy rating on the asset manager’s stock.

Separately, TheStreet raised Westwood Holdings Group from a d+ rating to a c- rating in a research note on Monday, May 15th.

Westwood Holdings Group Stock Performance

Westwood Holdings Group stock opened at $10.05 on Friday. The firm has a market capitalization of $92.26 million, a price-to-earnings ratio of -100.50 and a beta of 1.18. Westwood Holdings Group has a fifty-two week low of $9.42 and a fifty-two week high of $14.20. The stock’s fifty day moving average is $11.41 and its two-hundred day moving average is $11.88.

Westwood Holdings Group (NYSE:WHG) last posted its earnings results on Wednesday, August 2nd. The asset manager reported $0.50 earnings per share for the quarter. The company had revenue of $21.95 million for the quarter. Westwood Holdings Group had a positive return on equity of 2.34% and a negative net margin of 0.85%.

Westwood Holdings Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%. The ex-dividend date of this dividend is Thursday, August 31st. Westwood Holdings Group’s payout ratio is currently -600.00%.

Institutional Trading of Westwood Holdings Group

Large investors have recently made changes to their positions in the stock. North Star Investment Management Corp. boosted its stake in shares of Westwood Holdings Group by 23.6% during the first quarter. North Star Investment Management Corp. now owns 278,493 shares of the asset manager’s stock valued at $3,122,000 after acquiring an additional 53,093 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in Westwood Holdings Group during the fourth quarter worth about $536,000. Levin Capital Strategies L.P. purchased a new position in Westwood Holdings Group during the first quarter worth about $178,000. Assenagon Asset Management S.A. purchased a new position in Westwood Holdings Group during the first quarter worth about $151,000. Finally, Aegis Financial Corp purchased a new position in Westwood Holdings Group during the fourth quarter worth about $1,111,000. Institutional investors and hedge funds own 55.58% of the company’s stock.

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.