Westwood Holdings Group (NYSE:WHG) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Westwood Holdings Group (NYSE:WHG) in a research report sent to investors on Monday. The firm issued a buy rating on the asset manager’s stock.

Westwood Holdings Group Stock Up 2.5 %

Shares of WHG opened at $15.80 on Monday. Westwood Holdings Group has a fifty-two week low of $8.95 and a fifty-two week high of $18.03. The company’s fifty day moving average is $13.75 and its two-hundred day moving average is $12.95. The firm has a market cap of $146.78 million, a PE ratio of 21.64 and a beta of 1.15.

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

Westwood Holdings Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 2nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Friday, August 30th. Westwood Holdings Group’s dividend payout ratio (DPR) is presently 82.19%.

Institutional Investors Weigh In On Westwood Holdings Group

Several institutional investors have recently bought and sold shares of WHG. Garner Asset Management Corp boosted its position in shares of Westwood Holdings Group by 85.4% in the second quarter. Garner Asset Management Corp now owns 116,937 shares of the asset manager’s stock worth $1,424,000 after buying an additional 53,870 shares during the period. Prosperity Consulting Group LLC purchased a new position in Westwood Holdings Group in the 1st quarter worth approximately $537,000. Russell Investments Group Ltd. grew its position in Westwood Holdings Group by 16.7% in the first quarter. Russell Investments Group Ltd. now owns 242,324 shares of the asset manager’s stock valued at $2,985,000 after acquiring an additional 34,697 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Westwood Holdings Group by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 459,320 shares of the asset manager’s stock valued at $5,595,000 after purchasing an additional 13,012 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Westwood Holdings Group by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 584,118 shares of the asset manager’s stock worth $8,294,000 after purchasing an additional 12,680 shares in the last quarter. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

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.