Westwood Holdings Group (NYSE:WHG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research note published on Friday morning. The brokerage issued a strong-buy rating on the asset manager’s stock.

Westwood Holdings Group Price Performance

NYSE WHG opened at $12.74 on Friday. Westwood Holdings Group has a 1-year low of $8.91 and a 1-year high of $13.63. The business’s 50-day simple moving average is $12.47 and its 200-day simple moving average is $12.38. The firm has a market capitalization of $118.35 million, a P/E ratio of 9.27 and a beta of 1.17.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $22.73 million during the quarter. Westwood Holdings Group had a return on equity of 7.86% and a net margin of 7.63%.

Westwood Holdings Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd will be issued a $0.15 dividend. The ex-dividend date is Monday, September 2nd. This represents a $0.60 annualized dividend and a dividend yield of 4.71%. Westwood Holdings Group’s dividend payout ratio (DPR) is 44.12%.

Institutional Trading of Westwood Holdings Group

Several institutional investors have recently modified their holdings of WHG. Garner Asset Management Corp raised its position in shares of Westwood Holdings Group by 352.5% during the fourth quarter. Garner Asset Management Corp now owns 60,395 shares of the asset manager’s stock worth $714,000 after purchasing an additional 47,047 shares during the period. Prosperity Consulting Group LLC acquired a new stake in shares of Westwood Holdings Group during the first quarter worth $537,000. Russell Investments Group Ltd. raised its position in shares of Westwood Holdings Group by 16.7% during the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock worth $2,985,000 after purchasing an additional 34,697 shares during the period. Cerity Partners LLC acquired a new stake in shares of Westwood Holdings Group during the fourth quarter worth $258,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Westwood Holdings Group during the fourth quarter worth $166,000. Institutional investors and hedge funds own 56.64% of the company’s stock.

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.