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

Westwood Holdings Group, Inc. (NYSE:WHG) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 4,100 shares, a decrease of 22.6% from the May 15th total of 5,300 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock traded up $0.05 during midday trading on Friday, hitting $12.26. 6,854 shares of the stock were exchanged, compared to its average volume of 10,948. Westwood Holdings Group has a 1 year low of $8.91 and a 1 year high of $13.63. The firm has a market cap of $114.14 million, a P/E ratio of 9.01 and a beta of 1.22. The company has a 50 day moving average price of $12.50 and a two-hundred day moving average price of $12.19.

Westwood Holdings Group (NYSE:WHG) last announced its earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share for the quarter. Westwood Holdings Group had a return on equity of 12.53% and a net margin of 13.39%. The company had revenue of $22.73 million during the quarter.

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Monday, June 3rd. Westwood Holdings Group’s payout ratio is 44.12%.

Institutional Trading of Westwood Holdings Group

Hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Westwood Holdings Group during the 4th quarter valued at $127,000. SpiderRock Advisors LLC acquired a new position in Westwood Holdings Group in the first quarter worth about $144,000. Hillsdale Investment Management Inc. acquired a new position in Westwood Holdings Group in the fourth quarter worth about $166,000. Cerity Partners LLC bought a new stake in Westwood Holdings Group in the fourth quarter valued at about $258,000. Finally, Empowered Funds LLC raised its stake in Westwood Holdings Group by 7.6% during the first quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock valued at $275,000 after buying an additional 1,575 shares in the last quarter. Institutional investors and hedge funds own 56.64% of the company’s stock.

About Westwood Holdings Group

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.