Westwood Holdings Group, Inc. (NYSE:WHG) Sees Significant Growth in Short Interest

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 8,400 shares, an increase of 58.5% from the January 31st total of 5,300 shares. Based on an average daily trading volume, of 15,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are short sold.

Westwood Holdings Group Stock Performance

Shares of NYSE:WHG traded up $0.39 on Wednesday, hitting $15.63. The stock had a trading volume of 11,060 shares, compared to its average volume of 15,070. The company has a market capitalization of $144.88 million, a price-to-earnings ratio of 62.50 and a beta of 1.13. The firm's 50 day moving average price is $15.40 and its 200-day moving average price is $14.90. Westwood Holdings Group has a twelve month low of $11.01 and a twelve month high of $18.03.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The asset manager reported $0.35 earnings per share 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 firm 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 3.84%. Westwood Holdings Group's dividend payout ratio is 240.00%.

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Hedge Funds Weigh In On Westwood Holdings Group

Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Westwood Holdings Group by 180.7% in the fourth quarter. Barclays PLC now owns 3,054 shares of the asset manager's stock valued at $44,000 after buying an additional 1,966 shares in the last quarter. Millennium Management LLC acquired a new stake in Westwood Holdings Group in the 4th quarter valued at about $146,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Westwood Holdings Group in the fourth quarter worth about $160,000. Arete Wealth Advisors LLC lifted its position in shares of Westwood Holdings Group by 11.9% during the third quarter. Arete Wealth Advisors LLC now owns 20,427 shares of the asset manager's stock worth $294,000 after purchasing an additional 2,178 shares in the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of Westwood Holdings Group during the fourth quarter valued at approximately $322,000. Institutional investors own 56.64% of the company's stock.

Analysts Set New Price Targets

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

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.