Peapod Lane Capital LLC Invests $2.53 Million in Westwood Holdings Group, Inc. (NYSE:WHG)

Peapod Lane Capital LLC bought a new stake in shares of Westwood Holdings Group, Inc. (NYSE:WHG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 174,546 shares of the asset manager's stock, valued at approximately $2,533,000. Westwood Holdings Group makes up 2.5% of Peapod Lane Capital LLC's investment portfolio, making the stock its 13th largest holding. Peapod Lane Capital LLC owned about 1.88% of Westwood Holdings Group at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Westwood Holdings Group by 0.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock valued at $8,741,000 after acquiring an additional 1,725 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of 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 worth $5,097,000 after buying an additional 5,121 shares in the last quarter. Garner Asset Management Corp boosted its stake in Westwood Holdings Group by 8.0% during the third quarter. Garner Asset Management Corp now owns 126,326 shares of the asset manager's stock valued at $1,794,000 after buying an additional 9,389 shares during the last quarter. De Lisle Partners LLP grew its holdings in Westwood Holdings Group by 131.4% during the 3rd quarter. De Lisle Partners LLP now owns 68,680 shares of the asset manager's stock valued at $972,000 after buying an additional 38,996 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Westwood Holdings Group by 87.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,861 shares of the asset manager's stock worth $396,000 after acquiring an additional 13,000 shares during the last quarter. Institutional investors own 56.64% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Westwood Holdings Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th.

Westwood Holdings Group Stock Performance

WHG stock traded up $0.06 during trading on Monday, hitting $16.81. 10,736 shares of the company's stock traded hands, compared to its average volume of 11,197. Westwood Holdings Group, Inc. has a 52 week low of $11.01 and a 52 week high of $18.03. The stock has a market capitalization of $155.83 million, a price-to-earnings ratio of 50.94 and a beta of 1.13. The business has a fifty day simple moving average of $15.17 and a 200 day simple moving average of $14.58.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 EPS for the quarter. Westwood Holdings Group had a net margin of 2.92% and a return on equity of 3.27%.

Westwood Holdings Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, March 3rd. Westwood Holdings Group's dividend payout ratio (DPR) is 181.82%.

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.