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

Westwood Holdings Group, Inc. (NYSE:WHG) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 12,300 shares, a decline of 17.4% from the March 15th total of 14,900 shares. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD acquired a new position in shares of Westwood Holdings Group in the fourth quarter valued at approximately $166,000. Bridgeway Capital Management LLC grew 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 during the period. Royal Bank of Canada grew 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 during the period. Garner Asset Management Corp grew 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 during the period. Finally, Northern Trust Corp grew 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 during the period. Institutional investors and hedge funds own 56.64% of the company’s stock.

Westwood Holdings Group Trading Up 1.1 %

NYSE:WHG opened at $13.35 on Monday. The firm has a market cap of $124.56 million, a P/E ratio of 11.31 and a beta of 1.23. The stock’s 50 day simple moving average is $12.38 and its 200-day simple moving average is $11.45. Westwood Holdings Group has a 12-month low of $8.91 and a 12-month high of $14.20.

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

Westwood Holdings Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Thursday, February 29th. Westwood Holdings Group’s 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.