Prosperity Consulting Group LLC Has $283,000 Stock Position in Westwood Holdings Group Inc (NYSE:WHG)

Prosperity Consulting Group LLC lessened its stake in Westwood Holdings Group Inc (NYSE:WHG) by 7.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,454 shares of the asset manager’s stock after selling 1,482 shares during the quarter. Prosperity Consulting Group LLC owned 0.19% of Westwood Holdings Group worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC increased its stake in shares of Westwood Holdings Group by 180.7% during the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager’s stock worth $44,000 after purchasing an additional 1,966 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Westwood Holdings Group during the 4th quarter worth approximately $146,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Westwood Holdings Group during the fourth quarter worth $160,000. 683 Capital Management LLC acquired a new stake in shares of Westwood Holdings Group during the 4th quarter valued at about $322,000. Finally, Ancora Advisors LLC acquired a new stake in Westwood Holdings Group during the fourth quarter valued at approximately $348,000. 56.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Westwood Holdings Group from a “buy” rating to a “hold” rating in a research report on Monday, May 5th.

Westwood Holdings Group Trading Down 0.9%

Shares of WHG stock opened at $18.27 on Wednesday. The firm’s 50 day moving average is $15.95 and its 200-day moving average is $15.81. Westwood Holdings Group Inc has a 1 year low of $11.11 and a 1 year high of $18.52. The firm has a market capitalization of $171.34 million, a price-to-earnings ratio of 609.10 and a beta of 0.85.

Westwood Holdings Group (NYSE:WHG) last released its earnings results on Wednesday, April 30th. The asset manager reported $0.16 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 0.55% and a return on equity of 2.46%. The company had revenue of $23.25 million for the quarter.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Monday, June 2nd. Westwood Holdings Group’s payout ratio is 2,000.00%.

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.