Westwood Holdings Group (WHG) Set to Announce Earnings on Wednesday

Westwood Holdings Group (NYSE:WHG) is set to release its earnings data after the market closes on Wednesday, October 30th. Parties that wish to listen to the company’s conference call can do so using this link.

Westwood Holdings Group (NYSE:WHG) last announced its quarterly earnings data on Wednesday, July 31st. The asset manager reported ($0.18) earnings per share for the quarter. Westwood Holdings Group had a net margin of 7.63% and a return on equity of 7.86%. The business had revenue of $22.69 million during the quarter.

Westwood Holdings Group Stock Down 6.7 %

Shares of WHG opened at $14.88 on Tuesday. Westwood Holdings Group has a fifty-two week low of $8.95 and a fifty-two week high of $18.03. The company has a market cap of $138.24 million, a P/E ratio of 20.38 and a beta of 1.15. The firm’s 50 day moving average price is $13.87 and its 200 day moving average price is $12.97.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Friday, August 30th. Westwood Holdings Group’s payout ratio is currently 82.19%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Westwood Holdings Group in a report on Tuesday. They set a “hold” rating on the 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.