Short Interest in Westwood Holdings Group, Inc. (NYSE:WHG) Declines By 39.3%

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,100 shares, a drop of 39.3% from the February 13th total of 8,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,500 shares, the days-to-cover ratio is presently 0.3 days.

Westwood Holdings Group Stock Performance

Shares of Westwood Holdings Group stock traded up $0.24 during midday trading on Wednesday, hitting $15.86. 16,889 shares of the company traded hands, compared to its average volume of 13,404. The stock has a market cap of $148.77 million, a price-to-earnings ratio of 63.44 and a beta of 1.13. The firm's fifty day moving average price is $15.56 and its 200-day moving average price is $15.09. Westwood Holdings Group has a 12 month low of $11.01 and a 12 month high of $18.03.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The asset manager reported $0.35 earnings per share (EPS) for the quarter. Westwood Holdings Group had a net margin of 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Monday, March 3rd. Westwood Holdings Group's dividend payout ratio (DPR) is presently 240.00%.

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Institutional Investors Weigh In On Westwood Holdings Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of Westwood Holdings Group by 1.0% during the 4th quarter. Bank of America Corp DE now owns 60,875 shares of the asset manager's stock valued at $883,000 after purchasing an additional 616 shares during the last quarter. Empowered Funds LLC boosted its position in Westwood Holdings Group by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 25,107 shares of the asset manager's stock worth $357,000 after buying an additional 1,206 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Westwood Holdings Group by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 585,843 shares of the asset manager's stock worth $8,741,000 after buying an additional 1,725 shares during the period. Barclays PLC boosted its position in Westwood Holdings Group by 180.7% during the 4th quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock worth $44,000 after buying an additional 1,966 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in Westwood Holdings Group by 11.9% during the 3rd quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager's stock worth $294,000 after buying an additional 2,178 shares during the period. 56.64% of the stock is owned by 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.