Westwood Holdings Group, Inc. (NYSE:WHG) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 110,400 shares, a growth of 22.5% from the June 30th total of 90,100 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 45,200 shares, the short-interest ratio is presently 2.4 days.
A number of hedge funds have recently modified their holdings of WHG. Advisor Group Inc. bought a new stake in Westwood Holdings Group in the 4th quarter worth about $34,000. Citigroup Inc. grew its position in Westwood Holdings Group by 48.0% in the 1st quarter. Citigroup Inc. now owns 2,451 shares of the asset manager’s stock worth $45,000 after purchasing an additional 795 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Westwood Holdings Group by 131.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,472 shares of the asset manager’s stock valued at $103,000 after acquiring an additional 1,970 shares during the period. First Quadrant L P CA bought a new position in shares of Westwood Holdings Group during the 2nd quarter valued at approximately $137,000. Finally, UBS Group AG grew its position in shares of Westwood Holdings Group by 11.0% during the 2nd quarter. UBS Group AG now owns 9,991 shares of the asset manager’s stock valued at $158,000 after acquiring an additional 993 shares during the period. 72.10% of the stock is owned by institutional investors and hedge funds.
Shares of WHG stock opened at $11.36 on Friday. Westwood Holdings Group has a 52-week low of $10.50 and a 52-week high of $32.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.24 and a current ratio of 10.07. The company has a 50-day simple moving average of $14.80 and a two-hundred day simple moving average of $20.62. The company has a market capitalization of $95.99 million, a price-to-earnings ratio of 49.39 and a beta of 1.48.
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.
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