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

Westwood Holdings Group, Inc. (NYSE:WHG - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 7,500 shares, an increase of 33.9% from the March 15th total of 5,600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WHG. Peapod Lane Capital LLC acquired a new position in Westwood Holdings Group during the fourth quarter worth approximately $2,533,000. Ancora Advisors LLC acquired a new position in Westwood Holdings Group in the fourth quarter valued at $348,000. 683 Capital Management LLC purchased a new stake in Westwood Holdings Group during the fourth quarter valued at about $322,000. Garner Asset Management Corp increased its stake in Westwood Holdings Group by 11.4% during the fourth quarter. Garner Asset Management Corp now owns 140,753 shares of the asset manager's stock worth $2,012,000 after acquiring an additional 14,427 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 13,000 shares during the period. 56.64% of the stock is currently owned by hedge funds and other institutional investors.

Westwood Holdings Group Price Performance

Westwood Holdings Group stock traded up $0.13 during trading hours on Thursday, hitting $16.72. The stock had a trading volume of 5,842 shares, compared to its average volume of 13,945. The stock has a market capitalization of $156.82 million, a price-to-earnings ratio of 66.86 and a beta of 0.96. Westwood Holdings Group has a 1-year low of $11.01 and a 1-year high of $18.03. The stock's fifty day moving average is $15.87 and its two-hundred day moving average is $15.54.

Westwood Holdings Group (NYSE:WHG - Get Free Report) last released 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 2.33% and a return on equity of 2.66%.

Westwood Holdings Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a $0.15 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.60 annualized dividend and a dividend yield of 3.59%. Westwood Holdings Group's dividend payout ratio is currently 240.00%.

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.