Cerity Partners LLC Makes New $258,000 Investment in Westwood Holdings Group, Inc. (NYSE:WHG)

Cerity Partners LLC bought a new position in shares of Westwood Holdings Group, Inc. (NYSE:WHG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 20,520 shares of the asset manager’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new stake in Westwood Holdings Group during the 4th quarter worth approximately $127,000. Arete Wealth Advisors LLC purchased a new stake in Westwood Holdings Group during the 3rd quarter worth approximately $147,000. Repertoire Partners LP purchased a new stake in Westwood Holdings Group during the 3rd quarter worth approximately $851,000. Gabelli Funds LLC grew its position in Westwood Holdings Group by 19.3% during the 3rd quarter. Gabelli Funds LLC now owns 97,496 shares of the asset manager’s stock worth $990,000 after purchasing an additional 15,751 shares during the last quarter. Finally, North Star Investment Management Corp. grew its position in Westwood Holdings Group by 12.0% during the 4th quarter. North Star Investment Management Corp. now owns 350,317 shares of the asset manager’s stock worth $4,403,000 after purchasing an additional 37,559 shares during the last quarter. Hedge funds and other institutional investors own 56.64% of the company’s stock.

Westwood Holdings Group Trading Down 1.8 %

NYSE:WHG opened at $12.81 on Monday. The company has a market cap of $119.52 million, a PE ratio of 10.86 and a beta of 1.23. Westwood Holdings Group, Inc. has a twelve month low of $8.91 and a twelve month high of $14.20. The company’s 50 day moving average is $12.53 and its two-hundred day moving average is $11.66.

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

Westwood Holdings Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 1st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.68%. The ex-dividend date was Thursday, February 29th. Westwood Holdings Group’s payout ratio is 50.85%.

Westwood Holdings Group 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.