Westwood Holdings Group (NYSE:WHG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Westwood Holdings Group (NYSE:WHG) in a report issued on Thursday morning. The firm issued a strong-buy rating on the asset manager’s stock.

Westwood Holdings Group Stock Up 0.3 %

Shares of WHG stock opened at $13.37 on Thursday. The business has a 50 day moving average of $12.41 and a two-hundred day moving average of $12.33. Westwood Holdings Group has a 52 week low of $8.91 and a 52 week high of $13.63. The company has a market cap of $124.47 million, a P/E ratio of 9.83 and a beta of 1.17.

Westwood Holdings Group (NYSE:WHG) last issued its earnings results on Wednesday, May 1st. The asset manager reported $0.21 EPS 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a $0.15 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 4.49%. Westwood Holdings Group’s payout ratio is currently 44.12%.

Hedge Funds Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently made changes to their positions in WHG. Assenagon Asset Management S.A. acquired a new position in shares of Westwood Holdings Group during the fourth quarter worth approximately $127,000. SpiderRock Advisors LLC acquired a new position in shares of Westwood Holdings Group during the first quarter worth approximately $144,000. Hillsdale Investment Management Inc. bought a new stake in Westwood Holdings Group during the fourth quarter worth approximately $166,000. Cerity Partners LLC acquired a new stake in Westwood Holdings Group in the fourth quarter worth approximately $258,000. Finally, Empowered Funds LLC lifted its position in Westwood Holdings Group by 7.6% in the first quarter. Empowered Funds LLC now owns 22,281 shares of the asset manager’s stock worth $275,000 after purchasing an additional 1,575 shares during the period. 56.64% of the stock is currently owned by institutional investors and hedge funds.

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.