Westwood Holdings Group (NYSE:WHG) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Westwood Holdings Group (NYSE:WHG) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Westwood Holdings Group Stock Up 5.4 %

Westwood Holdings Group stock opened at $15.35 on Wednesday. The stock has a market cap of $142.33 million, a P/E ratio of 46.52 and a beta of 1.13. Westwood Holdings Group has a twelve month low of $10.36 and a twelve month high of $18.03. The company’s 50-day moving average price is $14.26 and its two-hundred day moving average price is $13.08.

Westwood Holdings Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Monday, December 2nd. Westwood Holdings Group’s payout ratio is currently 181.82%.

Hedge Funds Weigh In On Westwood Holdings Group

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in Westwood Holdings Group by 2.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock valued at $8,294,000 after purchasing an additional 12,680 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Westwood Holdings Group by 2.9% in the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock valued at $5,595,000 after acquiring an additional 13,012 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Westwood Holdings Group by 2.1% in the first quarter. Gamco Investors INC. ET AL now owns 458,000 shares of the asset manager’s stock valued at $5,643,000 after acquiring an additional 9,500 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Westwood Holdings Group by 1.4% in the third quarter. North Star Investment Management Corp. now owns 358,978 shares of the asset manager’s stock valued at $5,097,000 after acquiring an additional 5,121 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Westwood Holdings Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 243,897 shares of the asset manager’s stock valued at $2,971,000 after purchasing an additional 5,793 shares during the period. Institutional investors 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.