Short Interest in Westwood Holdings Group, Inc. (NYSE:WHG) Decreases By 16.7%

Westwood Holdings Group, Inc. (NYSE:WHGGet Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, a decline of 16.7% from the December 15th total of 3,000 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 0.1 days.

Westwood Holdings Group Stock Up 7.3 %

WHG stock traded up $1.04 during midday trading on Friday, reaching $15.32. The company’s stock had a trading volume of 13,906 shares, compared to its average volume of 13,186. The business’s 50-day simple moving average is $15.30 and its 200-day simple moving average is $14.17. The stock has a market cap of $142.02 million, a PE ratio of 46.43 and a beta of 1.13. Westwood Holdings Group has a 52 week low of $11.01 and a 52 week high of $18.03.

Westwood Holdings Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Monday, December 2nd. Westwood Holdings Group’s dividend payout ratio is currently 181.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Westwood Holdings Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Check Out Our Latest Research Report on Westwood Holdings Group

Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds have recently bought and sold shares of the company. Arete Wealth Advisors LLC grew its holdings in shares of Westwood Holdings Group by 11.9% in the 3rd quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager’s stock valued at $294,000 after buying an additional 2,178 shares during the period. Empowered Funds LLC lifted its holdings in Westwood Holdings Group by 5.0% during the third quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager’s stock worth $357,000 after acquiring an additional 1,206 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Westwood Holdings Group by 87.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager’s stock valued at $396,000 after acquiring an additional 13,000 shares during the period. De Lisle Partners LLP increased its holdings in shares of Westwood Holdings Group by 131.4% in the third quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager’s stock worth $972,000 after acquiring an additional 38,996 shares in the last quarter. Finally, Garner Asset Management Corp raised its position in shares of Westwood Holdings Group by 85.4% during the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after purchasing an additional 53,870 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.

Westwood Holdings Group Company Profile

(Get Free Report)

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.

Further Reading

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